Homework #3

Regents Prep

Due Thursday May 21st

 

 

File link: economic-systems-multiple-choice

Comments will be disabled from this point forward. Please bring in a hard copy from this point forward.

If you would like to email me a copy in the Homework you may do so. In the subject of the email please include you’re first and last name, class period and homework number.

Period – last name, first name + HW#
Ex: Period 3 – Monroe, Johnesha HW#1

 

Notes

Capitalism: Economic system based on competition, business owners seek a profit.

-        Private ownership of business

-        As demand increases -> prices rise -> traders profit

In capitalist economy, consumer determines what goods will be produced 

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