A | B |
mixed economy | the type of economic system the U.S. has |
free market | people decide the prices of goods without interference from the government |
private property | you can own personal property and businesses |
profit | the money you keep when all expenses are paid |
competition | when producers and sellers try to win your business |
consumer sovreignty | when buyers decide what will be made |
five | muber of characteristics in U.S. economy |
characteristic | feature or description |
capitalist | another way of saying free market economy |
interference | obstacles or restrictions |
undue | not neccessary; too much |