Section+2.4

**Private Property:** Property owned by individuals or companies, not by the government or the people as a whole. **Free Enterprise:** An economic system characterized by private or corporate ownership of capital goods. Investments that are determined by private decision rather than by the state control. **Continuum:** A range with no clear divisions. **Transition:** Period of change in which an economy moves away from a centrally planned economy toward a market-based system. **Privatize:** To sell state-run firms to individuals.
 * Laissez Faire:** The doctrine that states that government generally should not intervene in the marketplace.

1.)The Rise of Mixed economies 2.)The Limits of Laissez Faire 3.)The Circular Flow Model of a Mixed Economy 4.)Comparing Mixed Economies 5.)The United States Economy 6.)Balancing Control and Freedom 7.)Free Enterprise 8.)Mixed Economies Where Gonernment Intervention Dominates