Match each number term with the letter definition 1. mixed economy
2. incentive
3. means of production
4. economic system
5. what, how, who
6. traditional economic system
7. market economic system
8. command economic system
ANSWER CHOICES
a. an economic system in which economic decisions are made by the government.
b. an economic system in which people's roles are the same as those of their parents.
c. an economic system with some free enterprise and some government ownership.
d. an expectation that an activity will make a profit.
e. the way a group organizes itself for production.
f. an economic system where decisions result from buyers' and sellers' actions.
g. basic economic questions that all societies must answer.
h. an economy's capital goods, which are used to produce other goods and services.