Studied by 3 peopleFree markets
________ are unaffected by third parties who are uninvolved.
Households
________ spend their wages and profit to purchase the goods and services that the firms supply.
Government intervention
________ impacts the invisible hand in the economy but they still have an important role to play in the economy.
economic system
The ________ where supply and demand define the prices.
USA
The ________ is closer to a capitalist economy than a command whereas Cuba is the opposite, being closer to the command economy.
Note
Flashcard