When a business or society makes decisions about the ingredients, labor force, or processes used to produce a good or service they intend to sell, they have answered

When a business or society determines the groups of people they will distribute or market their product to, they have determined

What kind of economy allows private sector citizens to make most of the decisions about what, how, and for whom to produce goods and services?

In what kind of economy does the government make most of the decisions about what, how, and for whom to produce goods and services?

In what kind of economy are decisions made based on old customs and beliefs about what, how, and for whom goods and services should be produced.

An entrepreneur decides to set up a factory that will make pencils. He has decided

The entrepreneur decides she will market her product to schools, teachers, and students. She has determined

The entrepreneur orders cedar wood, yellow paint, and white eraser tips in order to make her product. She has determined

The entrepreneur hires 10 factory workers, a supervisor, and one maintenance person to help make her pencils. She has determined