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Java Games: Flashcards, matching, concentration, and word search. |
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Chapter 4.01 B Vocab Review
From Lecture 2
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| command economy | the gov't answers 3 basic economic questions: what, how, and for whom? |
| capitalism | characerized by private ownership of businesses & marketplace competition |
| privatization | process of selling gov't owned businesses to private individuals |
| market economy (pure) | no gov't involvement; price set by supply & demand |
| mixed economy | an economy that has aspects of market and command economies |
| socialism | increased gov't involvement, yet still freedom to own, free medical care |
| communism | totalitarian rule by gov't. |
| political philosophies | capitalism, socialism, communism |
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Marketing Instructor, DECA Advisor |
Buena High School |
| Sierra Vista, AZ |
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