Benefits of Free Enterprise Match Worksheet

the force that encourages people and organications to improve their material well-being
the concept that everyone can compete in the marketplace
the concept of giving everyone the same legal rights
the concept that people have the right and privilege to control their possessions as they wish
the concept that people may decide what agreements they want to enter into
the concept that people may decide what and when they want to but and sell
the rivalry among sellers to attract customers while lowering costs
a private organization that tries to persuade public officials to act or vote according to group members' interest
laws requiring companies to provide full information about their products
the concerns on the public as a whole
the study of the behavior and decision making of entire economies
the study of the economic behavior and decision making of small units, such as individuals, families, and businesses
the total value of all final goods and services produced in a particular economy
a period of macroeconomic expansion followed by a period of contraction
a commitment to the value of work and purposeful activity
the process used to produce a good or service
the part of the economy that involves the transactions of the government
the part of the economy that involves the transactions of individuals and businesses
someone who would not choose to pay for a certain good or service, but who would get the benefits of it anyway if it were provided as a public good
a situation in which the market does not distribute resources efficiency
an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
an income level below that which is needed to support families or households
government aid to the poor
direct payments of money to eligible poor people
goods and services provided for free or at greatly reduced prices