Business, 09.02.2021 14:00, gymnastjazzyjov0euc
1. Imagine that a new country is being formed and
wants to set up an economic system similar to
that of the United States. Write a paragraph or
two explaining how this new country's system
might work. Use all of the following terms.
-economic system
-free-enterprise
-system
-market
-profit incentive
-circular flow of
competition
-income and output -economic equity
-capitalism
-standard of living
-laissez-faire
-economic growth
-mixed economy
Answers: 2
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1. Imagine that a new country is being formed and
wants to set up an economic system similar to
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