ch. 2
FREE ENTERPRISE AND OTHER ECONOMIC SYSTEMS
economic system
basic economic questions
factor payments
profit
economic goals
self-interest
incentives
competition
economic freedom
free contract
voluntary exchange
role of the consumer
macroeconomics
microeconomics
public goods
public sector
free riders
externalities
market failures
traditional economy
command economy
free market economy
market
specialization
households
firms
profit-motive
legal equality
private property
american free enterprise
role of the producer
opportunity
gdp
buisiness cycle
private goods
private sector