"Markets, Models & Missing Words!"

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Nour Khadra

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Completar Frases "Markets, Models & Missing Words!"Versión en línea Fill in the blanks with the word that you think fits best. por Nour Khadra 1 traditional In a economy , people make decisions based on customs and habits . 2 change A traditional economy is known for having little and strong community roles . 3 market A economy allows individuals and businesses to make their own choices . 4 profit The idea of free enterprise and motive drives market economies . 5 command In a economy , the government makes all economic decisions . 6 mixed A economy mixes elements of traditional , command , and market systems . 7 Adam Smith is known as the " father of capitalism . " 8 invisible His famous idea was the hand , meaning that self - interest benefits society . 9 laisser Smith supported - faire policies , where governments limit their involvement in the economy . 10 Comparative advantage means countries should specialize in what they produce most efficiently . 11 waste of lack A major advantage of traditional economies is the , because people produce only what they need . 12 The term " invisible hand " was introduced by Adam Smith to describe how self - interest benefits society . 13 profit The drive to make money is called the motive . 14 incentive A key disadvantage of a command economy is the lack of , which can reduce motivation and innovation . 15 social In a mixed economy , the government tries to reduce the gap .

Completar Frases

"Markets, Models & Missing Words!"Versión en línea

Fill in the blanks with the word that you think fits best.

por Nour Khadra

traditional

In a economy , people make decisions based on customs and habits .

change

A traditional economy is known for having little and strong community roles .

market

A economy allows individuals and businesses to make their own choices .

profit

The idea of free enterprise and motive drives market economies .

command

In a economy , the government makes all economic decisions .

mixed

A economy mixes elements of traditional , command , and market systems .

Adam

Smith is known as the " father of capitalism . "

invisible

His famous idea was the hand , meaning that self - interest benefits society .

laisser

Smith supported - faire policies , where governments limit their involvement in the economy .

Comparative

advantage means countries should specialize in what they produce most efficiently .

waste of lack

A major advantage of traditional economies is the , because people produce only what they need .

The term " invisible hand " was introduced by Adam Smith to describe how self - interest benefits society .

profit

The drive to make money is called the motive .

incentive

A key disadvantage of a command economy is the lack of , which can reduce motivation and innovation .

social

In a mixed economy , the government tries to reduce the gap .

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"Markets, Models & Missing Words!"

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"Markets, Models & Missing Words!"Versión en línea

por Nour Khadra

traditional

change

market

profit

command

mixed

Adam

invisible

laisser

Comparative

waste of lack

profit

incentive

social

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