Famous Shakespearean Quotes Flash Cards Template
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30CUT along the dashed lines. FOLD along the solid lines.
The combination of
An economic system in
which individuals and
a market economy
firms exchange goods and
with private
services in a largely
property rights
unfettered manner
Those goods or services
An economic system in
that cannot or will not be
which most prices,
provided via the market
property, and production
because their costs are too
are directly controlled
high or their benefits are
by the state
too diffuse
Phenomenon that occurs
A cost or benefit of the
when markets fail to
production process that
perform efficiently or
is not fully
included in
they fail to perform
the price of the final
according to other widely
market transaction when
held social values
the product is sold
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