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20
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Name three economic systems.
1. Communism 2.Capitalism 3. Socialism 4. Mixed economies
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15
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The free enterprise system can work within one economy system. Name it
Capitalism
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15
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Not all organizations are businesses. Organizations for charities and social causes are called ...........
Non-profit Organizations
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boom
Lose 50 points!
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gift
Win 15 points!
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rocket
Go to first place!
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thief
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25
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lifesaver
Give 25 points!
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shark
Other team loses 25 points!
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fairy
Take points!
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25
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banana
Go to last place!
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15
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What is competition in business?
The rivalry among businesses for consumers' money
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15
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If a business fails to make a profit the one who have the most to lose is .......
the owner
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15
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Name 2 comunist countries
Russia, Poland ,Hangary
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20
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What does free market system means?
All economic decisions are made without the interference of the government.
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15
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A business is earning profit by ...............
satisfying people's needs
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15
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The primary goal of all businesses is ........
Profit
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eraser
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gold
Win 50 points!
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gift
Win 25 points!
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banana
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15
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"most businesses are owned and operated by the government" applies to which economy?
Communism
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20
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What is the difference between wants and needs?
(Wants) things that you do not have, but would like to have. (Needs) things that you must have in order to survive
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15
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The study of resources distributed for the production of goods and services within a social system is called
economy
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banana
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gift
Win 10 points!
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gift
Win 20 points!
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lifesaver
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