Eco geo test 1 Study guides, Class notes & Summaries
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![Eco Geo Test #1, Cooper Geo 3303 Final Exam Review 2023/2024](/docpics/3067513/64b1f073d9214_3067513_121_171.jpeg)
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Eco Geo Test #1, Cooper Geo 3303 Final Exam Review 2023/2024
- Exam (elaborations) • 18 pages • 2023
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Eco Geo Test #1, Cooper Geo 3303 Final Exam Review 2023/2024 
 
Be able to define capitalism; most importantly, know the KEY element of that definition that makes capitalism unique. - ANSWER-Capitalism: the economic, social, political and geographic system characterized by the private ownership of the economic means of productions. Key element: private ownership. 
 
Know and be able to briefly define the fundamental institution in capitalism. - ANSWER-Market: theoretical market where buyers and ...
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