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Economics

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Ladarius Brekke

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Cards in this guide (5)
Which cost is an example of a variable cost

Sales and comssion on other categories

Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the

It's Product Market.

What are two factors that regulate a marketplace according to Adam smith

Supply and demand are the 2 factors that regulate a marketplace.

What would you see in a economy in transition from central planning to free enterprise

nutsack

What are three economic choices every society must make

The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.

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