# data[].attributes.body
employees or directors receive from their employment but which are not included in their salary cheque or wages

# data[].attributes.body
reduce poverty by making welfare programs conditional upon the receivers' actions

# data[].attributes.body
health, happiness, and fortunes of a person or group.

# data[].attributes.body
original version of the federal poverty measure

# data[].attributes.body
consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved

# data[].attributes.body
making of goods and services is not efficient

# data[].attributes.body
when those who benefit from resources, goods, or services do not pay for them, which results in an under-provision of those goods or services.

# data[].attributes.body
part of the national economy that is not under direct government control.

# data[].attributes.body
economic expansion and contraction.

# data[].attributes.body
total value of goods produced and services provided in a country during one year.

# data[].attributes.body
the welfare or well-being of the general public; commonwealth

# data[].attributes.body
non-confidential communication which an inventor or invention owner makes available to one or more members of the public, revealing the existence of the invention and enabling an appropriately experienced individual to reproduce the invention.

# data[].attributes.body
tries to influence the government to adopt certain policies or measures

# data[].attributes.body
act of buyers and sellers freely and willingly engaging in market transactions

# data[].attributes.body
Tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights

# data[].attributes.body
the less the government is involved in free market capitalism, the better off business will be, and then by extension society as a whole.

# data[].attributes.body
advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

# data[].attributes.body
philosopher and economist famous for his ideas about capitalism and communism

# data[].attributes.body
range of economic and social systems characterised by social ownership and democratic control of the means of production

# data[].attributes.body
unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.

# data[].attributes.body
ivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix

# data[].attributes.body
something that motivates an individual to perform an action

# data[].attributes.body
the most personal benefit

# data[].attributes.body
difference between the total revenue received by a business and the total implicit and explicit costs of a firm

# data[].attributes.body
which final goods or services are offered for purchase by consumers, businesses, and the public sector

# data[].attributes.body
marketplace for the services of a factor of production. A factor market facilitates the purchase and sale of services of factors of production, which are inputs like labor, capital, land and raw materials that are used by a firm to make a finished product.

# data[].attributes.body
business organization, such as a corporation or a partnership, with different levels of legal protection

# data[].attributes.body
all the persons who occupy a housing unit.

# data[].attributes.body
a nation or individual concentrates its productive efforts on producing a limited variety of goods.

# data[].attributes.body
combining private and public enterprise.

# data[].attributes.body
the state or government makes economic decisions rather than the interaction between consumers and businesses.

# data[].attributes.body
prices are determined by unrestricted competition between privately owned businesses.

# data[].attributes.body
choosing one action over another.

# data[].attributes.body
not being used enough or not used to full potential

# data[].attributes.body
every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

# data[].attributes.body
maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently employed.

# data[].attributes.body
think about your next step forward.

# data[].attributes.body
models the relationship between a nation's investment in defense and civilian goods. In this model, a nation has to choose between two options when spending its finite resources.

# data[].attributes.body
expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience.

# data[].attributes.body
demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply

# data[].attributes.body
one who organizes, manages, and assumes the risks of a business or enterprise.

# data[].attributes.body
inputs that are used in the production of goods or services in order to make an economic profit.

# data[].attributes.body
problem of having seemingly unlimited human wants in a world of limited resources.

# data[].attributes.body
activity where an immaterial exchange of value occurs.

# data[].attributes.body
material that satisfies human wants and provides utility,

# data[].attributes.body
goods or services that are not necessary but that we desire or wish for.

# data[].attributes.body
goods or services that are required. This would include the needs for food, clothing, shelter and health care.

# data[].attributes.body
Joelle Carreon p.5