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Gov & the Economy

QuestionAnswer
market economy An economy where regular people own the businesses and make economic decisions
command economy An economy where the government owns the businesses and makes economic decisions
monopoly A situation where one company controls and entire industry
anti-trust laws created to try to prevent monopolies
tariff a tax on imported goods
mixed economy a blend of market and command economies where the government has some degree of involvement in the economy
Created by: markleyj
Popular American Government sets

 

 



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