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Food stamps, legal aid, subsidized housing. Other than money

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A cash transfer is plain money the government provides to those in need.

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financial support given to people in need

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the income level below which income is insufficient to support a family or household.

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a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey.

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the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers.

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occurs 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.

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The part of the economy privately owned and run by private enterprises.

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recurring fluctuations in economic activity consisting of recession and recovery and growth and decline

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the dollar value of all final goods and services produced within a country's borders in a given year.

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The concerns of the public as a whole.

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laws requiring companies to provide full information about their products

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an organization of people sharing common objectives who actively attempt to influence government policymakers through direct and indirect methods

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The act of buyers and sellers freely and willingly engaging in market transactions.

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the force that encourages people and organizations to improve their material well-being.

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The transfer of ownership, property or business from the government to the private sector

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an economic system in which private business operates in competition and largely free of state control.

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is a legal designation for the ownership of property by non-governmental legal entities.

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'Let people do as they choose'.
It is a point of view that states dont let the government have a say in economic affairs.

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a political theory derived from Karl Marx, 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.

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Forces of production produce relations of production that support them. But material forces of production are dynamic/changing. Believed capitalism would destroy itself.

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a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

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The unobservant market force that helps the demand and supply of goods in a free market to reach equilibrium automatically.

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The rivalry among the sellers trying to achieve such goals as increasing profits shares, market shares etc.

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Something that is a benefit, reward, or cost that motivates an economic action.

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Actions that elicit the most personal benefit.

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a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

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The market for a final good or service, usually considered to be a consumer product.

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The market for something that is used in the production of a consumer product, not for the consumer product itself.

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A business organization, such as a corporation or a partnership, with different levels of legal protection.

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Any housing unit such as a house, mobile home, apartment etc.

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When individual workers focus on singles tasks, enabling each one to be more efficient and productive.

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market-based economic system with limited government involvement.

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system in which the state or government makes economic decisions rather than the interaction between consumers and businesses.

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an economic system in which prices are determined by unrestricted competition between privately owned businesses.

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An alternative that is given up because a decision.

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Using fewer resources than an economy is capable of using.

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Using resources in such way to maximize the production of goods and services.

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Is a curve depicting all maximum output possibilities for two goods.

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Thinking how much more or less to do.

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Refers to trade offs that nations face when choosing whether to produce more or less military or consumer goods

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Giving up one thing for another.

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When producers cannot offer goods or services at current price

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A person who starts up and takes the risk of a business.

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land, labor, capital, and entrepreneurship.

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a situation in which unlimited wants exceed the limited resources available to fulfill those wants

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actions or activities ones perform for another.

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tangible products that we use to satisfy our wants and needs.

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You dont need these but you want them. Not essential to survival.

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Things you need to survive such as food, water, and shelter.