Question

Match these items. Match the items in the left column to the items in the right column. 1. consumer cost of a good or service 2. market economy economy in which market forces determine prices of resources and the prices and distribution of goods and services 3. planned economy someone whose wants are satisfied by using goods and services 4. price economy in which a central authority owns productive resources and distributes goods and services 5. producer people who make goods and provide services

Answer 1

Answer:

1. Price.

2. Market economy.

3. Consumer.

4. Planned economy.

5. Producer.

Explanation:

1. Price: cost of a good or service.

2. Market economy: economy in which market forces determine prices of resources and the prices and distribution of goods and services.

3. Consumer: someone whose wants are satisfied by using goods and services.

4. Planned economy: economy in which a central authority owns productive resources and distributes goods and services.

5. Producer: people who make goods and provide services.