Econ Ch 3

Front

Impact of profit motive

Back

Encourages innovation and efficiency

Front

Sovereignty in free market

Back

Consumers

Front

Economic system of the US

Back

Capitalism

Front

Consumer protection

Back

Regulations and laws

Front

Growth of free enterprise

Back

Entrepreneurship

Front

Consumers determine

Back

What to produce

Front

Market regulation

Back

Minimal regulation

Front

Factors of production

Back

Land, labor, capital, entrepreneurship

Front

Inflation

Back

Rising prices

Front

Unemployment compensation purpose

Back

Financial support