This bingo card has a free space and 24 words: Wrote Wealth of Nations, The government’s hands off approach to allow the free market to occur, Rule that people should compete freely without interference from government or any other outside force, Self-regulated economy that runs on the laws of demand and supply, A negative consequence of capitalism, What determines/moves the market, determines what is produced and by whom, Who controls the market today, Where workers join together to overthrow the capitalist class, The price of goods and services is driven by this in a free market, Metaphor for the unseen forces, like self-interest, that move the free market, Who decides prices and salaries in a command system, Protects societies most vulnerable financially, Phrase meaning: the primary focus is on producing what people need, not highest profit margin, Ancient Greek philosopher whose utopia was socialist, A negative trait of a planned economy, This type of economy prevents monopolies in key industries, Wrote the Communist Manifesto, Economic system where government controls the economy, Example of infrastructure not owned in a planned economy, Country in the world with full command economy, Under this, private property does not exist, This is a difference between communism and socialism, Command system prevents this in key industries and Most markets today are:.
4th 9-Weeks Review (Government/Law/Economy) | Economics Bingo | Business Econ Bingo | Geography /Resources Bingo | Government in the Economy
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