1. an economic system is used by society to
people and to cope
2. the equilibrium point is the point on a supply and demand curve where supply and demand
are
exchange
3. an important aspect of a market economy is
4. the
economic system is also called capitalism or free enterprise.
5. competition between entrepreneurs selling the same goods or services pushes
prices
6. entrepreneurs make a profit when the amount of money coming into a business is
than the business's expenses.
7. a nonprofit organization operates solely to serve the good of