| A | B |
|---|
| Bill of Rights | The first ten changes, or amendments, to the US Constitution are called the |
| constitution | A plan of government is called a |
| natural rights | Thomas Jefferson believed no one can take away a person's |
| In the Bill of Rights, two amendments deal with | property |
| government | After the US Revolutionary War, the United States had a weak |
| Two other names for a market economy | free enterprise and capitalism |
| Four free enterprise freedoms are: | to buy and sell, to own property, to maintain a business, and to choose. |
| Competition exists | when people or businesses want the same resources. |
| A voluntary exchange occurs | when buyer and sellers are free to make exchanges. |
| Revenue | money a business takes in |
| losses | the opposite of profits |
| overhead | can be called fixed costs |
| Investment is called | a cost of production that may change |
| Fixed cost | A cost of production that does not change. |
| competition | keeps prices from getting too high |
