Economic Systems

3. someone who organizes a business venture
5. concentration of the productive efforts of individuals and firms on a limited number of activities
7. a positive motivational influence
9. this economic system is most prone to large amounts on income inequality
11. government programs that protect people experiencing unfavorable economic conditions
12. a level of material comfort in terms of goods and services available to someone or some group
13. market in which firms purchase the factors of production from households
15. a doctrine that government should not interfere in commerce

1. an economic system that combines private and state enterprises
2. an economy that relies on market forces to determine prices
4. this economic system is most prone to the "free riding problem"
6. the act of starting something for the first time
8. The resources used to produce goods and services. Labor and capital are examples.
10. the economic system has been used for most of human history
14. this was the largest command economy in the until it dissolved in the 1980s