How Does Free Enterprise Answer the Three Economic Questions? What is produced: Market -interaction of supply (producers decision) and demand (consumer decisions) How it is produced: market Who gets the good/service: market
EMC Publishing, LLC How Does Free Enterprise Answer the Three Economic Questions? (cont.) In a free enterprise economy, goods are produced for people who are both willing and able to buy them.
EMC Publishing, LLC Five Features of Free Enterprise Free enterprise has five major characteristics: private property, choice, voluntary exchange, competition, and economic incentives EMC Publishing, LLC
Exhibit 3-1 from the Student Text EMC Publishing, LLC Laws, Institutions, and Regulations Free enterprise takes place in many countries, and
the economic climate may vary from country to country. Legal systems and institutions can either help or hinder free enterprise. EMC Publishing, LLC The Circular Flow Model that demonstrates the interaction of
Households Governments Firms EMC Publishing, LLC Exhibit 3-2 from the Student Text The economy is
composed of businesses, households, and the government. Relationships between these groups create the circular flow of economic
Once female releases eggs, male releases sperm external fertilization Metamorphosis Tadpole frog The real one Parental care Males often remain with eggs for protection Example: Darwin's frog puts eggs in his vocal sac where they hatch, go through metamorphosis, and...
MeSH Vocabulary. Headings. 27,149. concepts found in the biomedical literature (Body Weight, Kidney, Radioactive Waste) Subheadings. over 218,000 attached to headings to describe a specific aspect of a concept (adverse effects, metabolism, diagnosis, therapy)
VCOP - Vocabulary, Connectives, Openers, Punctuation. Column Method - Maths. How do we know they know? 8Angelou: H/wk - Meet up with your partner and write a script using the correct layout on your chosen paired scenario. (no guidance -...
Industry—Put simply, the definition for industry is "hard work" Primary Industries—The extraction of raw materials. Secondary Industries—Manufacturing raw materials to make them into finished products. Tertiary Industries—Commercial services that help produce and distribute goods to customers
Modern Poetry. In modernism, we see poets breaking the rules of gentlemanly Elizabethan poetry, and forming new definitions of what makes a poem interesting. No longer did poetry have to follow rules about rhythm, rhyme, and meter. Poetry from this...
Post Zygotic Barriers . Zygotic . Mortality . Mating and fertilization are possible, but genetic differences result in a zygote that is unable to . develop . properly . Results in . death. of zygote . Example . Some species...
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