A cost or benefit that motivates a decision or action by an individual is called:
An example of a positive incentive is:
Classify the following words or phrases with the economic system it is associated with.
supply and demand
buyers and sellers
government control
Capitalism
ritual, habit, and custom
Primitive societies
central planning
Communism
buying and selling but with some government
Traditional economy
Command economy
Market economy
Mixed economy
Which of the following nations is primarily a command economy?
In reality, all economics systems around the world are: