simon fraser university (SFU ) • BUS 101
Latest uploads for BUS 101 at simon fraser university (SFU ). Looking for BUS 101 notes at simon fraser university (SFU )? We have lots of notes, study guides and study notes available for BUS 101 at simon fraser university (SFU ).
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Courses BUS 101 at simon fraser university (SFU )
Notes available for the following courses of BUS 101 at simon fraser university (SFU )
Latest notes & summaries simon fraser university (SFU ) • BUS 101
Economic System correct answer: The way in which a nation allocates its resources among its citizens. 
 
Factors of Production correct answer: Resources used to produce goods and services. 
4 factors: labour, capital, entrepreneurs and natural resources 
 
Command Economy correct answer: An economic system in which government controls all or most factors of production (eg. socialism) 
 
Market Economy correct answer: An economic system in which individuals control all or most factors of prod...