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Froggy Jumps
Froggy Jumps

ECONOMIC INSTITUTION

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ECONOMIC INSTITUTION

Froggy Jumps

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About this activity

All about market system

Created by

J.L.O.
J.L.O.
Philippines

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ECONOMIC INSTITUTION
 

Froggy Jumps

ECONOMIC INSTITUTIONOnline version

All about market system

by J.L.O.
1

It exists when there is an exchange of goods or labor between individuals in community.

2

It can be considered as combination of the features of transfer and reciprocity

3

It is a type of economic system that allows the free flow of goods between and among private individuals and firms with very limited participation from the government.

4

A signaling device that indicates the value of the good or service to both buyers and sellers

5

State plays an important role in the market through the _____

6

The exchange occurs between group of individuals with the donors expecting to receive something of equal or similar value.

7

A bigger setting where buyers or sellers simultaneously trade or exchange goods or services.

8

Serves as means of exchange for goods and services

9

The quantity of goods that are available to sell at a given price and period of time.

10

Goods or services that consumers are willing to purchase at a given price and time period

 
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