5 Questions
Which factors give context, content, and set the conditions for an economy to function?
Culture, values, education, technological evolution
What does an economy emphasize?
Production, distribution, and trade of goods and services
Who can be the economic agents in an economy?
Individuals, businesses, organizations, or governments
What spurs economic activity?
Production using natural resources, labor, and capital
What has changed over time to impact economic activity?
Technology, innovation, and changes in industrial relations
Test your knowledge about the production, distribution, trade, and consumption of goods and services within social domains, and the management of scarce resources in an economy.
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