Economics Ch. 2 Voc. Communism Economic system Authoritarian Factor payments Collective Patriotism Heavy industry Safety Net Laissez-faire Standard of Living Private property Traditional economy Free enterprise Market economy Continuum Centrally planned economy Transition Command economy Privatize Mixed economy Market Specialization Household Firm Factor market Profit Product market Self-interest Incentive Competition Invisible hand Consumer sovereignty Socialism
Economics Ch. 2 Voc. Economic system Factor payments Patriotism Safety Net Standard of Living Traditional economy Market economy Centrally planned economy Command economy Mixed economy Market Specialization Household Firm Factor market Profit Product market Self-interest Incentive Competition Invisible hand Consumer sovereignty Socialism Communism Authoritarian Collective Heavy industry Laissez-faire Private property Free enterprise Continuum Transition Privatize
economics_ch._2_vocabulary_terms.docx