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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What is the roles in business that should benefit society? |
Economic Financial Social Political Ethical |
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What is an economy? |
A economic system that allocates scarce resources for society. |
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What is traditional economy? |
A population engaged in agriculture for their own needs. |
Planting |
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What is a planned economy? |
State owned economic resources. |
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What is a free market economy/ capitalist? |
Resources owned by a large private sector with little state interventions. |
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What is a mixed economy? |
Resources are owned and controlled by both private and public sectors. |
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