The continuous production of goods and services necessary for subsistence, carried out in accordance with the Earth’s carrying capacity

The total exploitation of natural resources for the sake of economic growth

The optimisation of production processes through the complete exploitation of human labour

The automation of industrial production by reducing human intervention to the minimum

The primacy of economic performance

The consistent and unconditional enforcement of human dignity and values

The dominance of multinational corporations

The complete freedom of the market from the state

Improving the situation of one economic actor without worsening the situation of any other actor

Achieving complete equality among economic actors

The random redistribution of resources

Improving the situation of one actor at the expense of others

In mass production, the masses produce for the masses, with their participation

Its goal is to maximise corporate profits regardless of social needs

It primarily focuses on producing luxury goods for the elite

It refers to industries that produce large quantities of end-consumer goods

Moderation was characteristic

Self-serving consumption and wastefulness were characteristic

Only meeting basic needs was important

Environmental protection became a priority

It has a role only in increasing production

It has a role only in transport and logistics

It provides the technological conditions necessary for enforcing values

It has no role in technological development

A general increase in prices

A general decrease in prices

Rising unemployment

Growth in exports

A good only the government can buy

A good that is non-excludable and non-rival

A good produced by private companies

A luxury product

Costs that vary with output

Costs that only change in the long run

Costs that do not change with output

Consumer taxes

An increase in exports

A rise in interest rates

A sustained decline in economic activity

A period of rapid growth

A market with many sellers

A market with identical products

A market with no regulation

A market with a single seller

Advertising

Labour

Trademark

Brand image

Price usually rises

Price usually falls

Demand becomes zero

Nothing changes

A government service

Satisfaction gained from consuming a good

The price of electricity

Production cost

Producing many unrelated goods

Reducing production to zero

Focusing on a limited range of goods

Raising prices

All resources are unlimited

Needs exceed available resources

Only money can be scarce

Economic decisions are completely random

The quantity consumers are willing to buy at a given price

The amount produced by firms

Only luxury goods are demanded

Total government spending

A government office

A place where only firms meet

A system where buyers and sellers interact

A storage area for goods

More inputs always create higher efficiency

Adding more of one input eventually reduces marginal output

Output grows indefinitely

Costs fall forever

Difference between what consumers are willing to pay and what they actually pay

Waste from production

Extra supply on the market

Profit of firms

Only sellers know prices

When firms hide prices

Consumers guess prices

All market participants know all relevant information

Total output

Extra output from hiring one more worker

Profit per worker

Wage level

A price change

A cost or benefit imposed on third parties

Government tax

Firm’s profit

Costs that never change

Costs that change with the level of output

Costs paid by government

Sunk costs