Social Studies Week 7

A/An __________ system is the way communities and governments organize resources, goods, and services.

• government

• ecological

• economic

• geologic

A/An __________ is something that is offered to people to help them make a decision about goods and services

• economic system

• market system

• economic incentive

• market incentive

An example of a negative economic incentive is a:

• coupon

• membership

• fine

• monopoly

Under capitalism, businesses must compete with one another for __________

• producers

• consumers

• buyers

• sellers

Someone who creates and funds a business on their own is called __________

• a corporation

• an employee

• a worker

• and entrepreneur