Question

what is another term for a modified private enterprise economy?
mixed economy
pure capitalism
command economy
free enterprise
what is the fundamental problem of economics?
capital
labor
scarcity
land

Explanation:

1. A modified private enterprise economy combines private enterprise with some government intervention and public sector involvement, which matches the definition of a mixed economy. Pure capitalism, command economy, and free enterprise do not fit this modified structure.
2. The fundamental problem of economics arises because resources are limited while human wants are unlimited, which is defined as scarcity. Capital, labor, and land are factors of production, not the core fundamental problem.

Answer:

1. mixed economy
2. scarcity