

EF 4 Econ Systems and Allocation of Resource Vocab Review
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
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33 questions
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1.
FLASHCARD QUESTION
Front
Individuals and businesses control what, how, and for whom to produce.
Back
market
2.
FLASHCARD QUESTION
Front
Govt controls what, how, and for whom to produce
Back
command
3.
FLASHCARD QUESTION
Front
Custom controls what, how, and for whom to produce
Back
traditional
4.
FLASHCARD QUESTION
Front
Individuals and government control production decisions.
Back
mixed
5.
FLASHCARD QUESTION
Front
Attempts by individuals or organizations to acquire the same goods, services, or resources.
Back
Competition
6.
FLASHCARD QUESTION
Front
Institutional framework of rules determining production and provision of goods/services.
Back
Economic Systems
7.
FLASHCARD QUESTION
Front
Rules by government to influence consumer and business behavior.
Back
Government Regulation
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