Question

Match the economic term in column 1 with the definition in column 2.
Capitalism
Production
Consumption
Specialization
?
2
2
k
Use of goods and services
Focusing on specific
economic tasks
System of private
ownership and free
exchange
Creation of goods and
services

Answer 1

capitalism= private ownership
specialization= focusing on specific tasks
production= creation of goods and services
consumption= use of goods and services