2(1)
economic system
factor paymets
patriotism
safety nets
standard of living
traditional economy
market economy
centrally planned economy
mixed economy
2(2)
market
specialization
household
firm
factor market
profit
product market
self interest
incentive
competition
invisible hand
consumer sovereignty
2(3)
socialism
communism
authoritarian
collective
heavy industy
2(4)
laizzez faire
private property
free enterprise
continuum
ttransition
privatize
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