What is a cooperative? What are the types of cooperatives?

Describe any four economic systems that you know of in your economy

Why does a modern capitalist economic system require the existence of markets?

Why is competition an important factor that has to be studied before putting up a business?

What do you think is the most ideal and beneficial type of Market Structure? Why?

"As you shop for produce at the local farmer's market, you see many fruits and vegetables being offered by several different suppliers. Yet each supplier charges the same price for these fruits and vegetables." Write a paragraph that describes the characteristics of economic systems that result in the outcome described in the quotation.

What are the central features of capitalism as an economic system?

Match the market structure and its characteristics.