Test-ekonomicheskaia Sfera Obshchestva-10 Klass -

: Often considered the fifth factor in modern post-industrial societies. 4. Economic Systems

You should be able to list and define the four (or five) primary resources used to create goods: : Natural resources. Labor : Human mental and physical effort. test-ekonomicheskaia sfera obshchestva-10 klass

: The actual processes of production, distribution, exchange, and consumption of goods and services. 2. The Three Fundamental Questions Every society must answer these three questions: : Often considered the fifth factor in modern

: Studies how people use limited resources to satisfy unlimited wants. It involves researching market models and forecasting. test-ekonomicheskaia sfera obshchestva-10 klass

: Buildings, tools, and money (physical and human capital).

: The ability to organize the other factors and take risks.