Which words goes to which caption..PLEASE HELP!! This is the term used to describe economic systems in which the basic economic questions are answered based on a socially, pre-established way.

economic system characterized by a central authority which makes major economic decisions

This is an economy in which the government has little to say about what, how, and for whom goods are produced; the factors of production are privately owned

This is a free enterprise system with some government involvement.

In economic terms, this is a product that can be used to satisfy a want or need. In economic terms, this is something that someone does for you, like give you a haircut or teach you social studies.

land, labor, capital, and entrepreneurship

This is the way in which a society deals with the production, distribution and consumption of goods and services.

WORD BANK

Command Economy
Economic System
Factors of Production
Goods
Market Economy
Mixed Economy
Services
Traditional Economy