The Prefix Peri- Means "Across or Through

question 43

True/False

The prefix peri- means "across or through."

Differentiate between market and command economies in terms of risk management and economic performance.

Recognize the importance of innovation and consumer sovereignty in the market economy.

Understand the circular flow model and its implications for economic activity.

Explain the function of money as a medium of exchange.

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Definitions:

Social Entrepreneur

An individual who pursues novel applications that have the potential to solve community-based problems with an emphasis on social change.

Nobel Prize Winner

An individual awarded one of the Nobel Prizes, prestigious international accolades given annually across several categories including Peace, Literature, and various Sciences.

Muhammad Yunus

A Bangladeshi social entrepreneur, banker, economist, and civil society leader awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.

Entrepreneurship

is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.