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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

  • Eco Geo Test #1, Cooper Geo 3303 Final Exam Review 2023/2024

  • Exam (elaborations) • 18 pages • 2023
  • 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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