| A | B |
|---|
| entrepreneur | Risk taking individual in search of profits; one of the 4 factors of Production |
| catalyst | Something that stimulates activity among people or forces. |
| consumer sovereignty | role of consumer as ruler of the market in determining the types of goods and services produced. |
| regulator | someone or something that controls activities. |
| mixed economy | Economic system that has some combination of traditional, command, and market economies. |
| modified free enterprise economy | free enterprise market economy where people carry on their economic affairs freely, but are subject to some government intervention and regulation. |
| Protector | Role of government in which the U.S. government makes laws such as those agianst false advertising, unsafe food and drugs, environmental hazards, and unsafe automobiles. The government also protects the private property rights of U.S. citizens |
| Provider | Role of government in which it provides goods and services for its citizens. For example, state governments provide education, highways, and public welfare. |
| regulator | Role of government in which the national government is charged with preserving competition in the market place. It also oversees communications, interstate commerce, and entire industries such as banking and nuclear power. |
| Consumer | Role of government that refers to it consuming scarce resources in order to fulfill the tasks of protecting, providing and regulating. |
