Business Essentials Vocab Practice (2.03)

Front

______________ are manufactured or constructed items that are used to produce goods and services.

Back

Capital Goods

Front

______________ are tangible items produced for personal use.

Back

Consumer Goods

Front

__________________ are tangible items that will be consumed by industrial users.

Back

Industrial Goods

Front

____________ are the human and natural resources and capital goods used to produce goods and services; also known as factors of production.

Back

Economic Resources

Front

Human Services Programs are benefits such as free medical care, ________, and financial assistance that are provided by a government to its citizens.

Back

education

Front

A _____________ is an economic system in which all or many of the means of production and distribution are owned and controlled by the government.

Back

Command Economy

Front

_____________ is an economic system in which the questions of what, how, and for whom products will be produced are answered by individuals and businesses in the marketplace.

Back

Market Economy

Front

_____________ is an economic system in which the questions of what, how, and for whom products will be produced are answered by individuals and businesses in the marketplace.

Back

Market Economy

Front

_________________ is an economic system in which elements of market and socialist command economies are combined.

Back

Mixed Economy

Front

__________________ is an economic system in which elements of market and socialist command economies are combined.

Back

Mixed Economy