Laissez Faire: The doctrine that states that government generally should not intervene in the marketplace. 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.
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
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.
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