2. When a firm's sales Pevenu a. profit b. loss. c. positive cash flow. d. financial resource. e. factor of production. 3.A person who risks his or her time, effort, and money to start and operate a business is called a(n) a. free-market specialist. b. entrepreneur c. intrapreneur. d. competitor e. profit taker. make the decisions about what to produce and what called a 4.An economic system in which individuals and businesses economy. to buy, and the market determines how much is sold and at what prices, is a. product b. producer's c. market d. planned e. command Examples of command economies include a. b. c. d. 5. socialism and free enterprise. capitalism and socialism. socialism and market economy. communism and capitalism. socialism and communism. e. 6. The total dollar value of all goods and services produced by all people within the boundaries of a country is called a. productivity. b. gross domestic product c. gross national product d. inflation factor