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Application of Skills Directions:
Apply the knowledge you have gained from Chapter 22 to answer the following questions.
Which of the following sentences uses basic capitalization rules correctly?
Command Economy
A system of economy in which all determinations about the generation and distribution of products and services are made by the state or central authority.
Markets
Places or systems where buyers and sellers interact to trade goods, services, or resources.
Free Enterprise
An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.
Laissez-Faire
A belief system in economics that supports capitalism with minimal to no government interference.
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