Tangible Resources Include Physical Assets Such as Equipment,buildings,land,furniture,money and Patents

question 2

True/False

Tangible resources include physical assets such as equipment,buildings,land,furniture,money and patents.

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Definitions:

Market Oriented

An economic system or approach that prioritizes supply and demand as the primary forces in the market, promoting free competition among businesses.

Pure Capitalist Economy

An economic system characterized by private ownership of the means of production and the absence of government intervention in the market.

Price Mechanism

The process through which market prices adjust to balance supply and demand, allocating resources efficiently.

Government Central Planning

A system where the government makes all decisions on the production and distribution of goods and services.