-
Economic Freedom
- Individuals free to make choices as buyers and as producers
- (what we will buy or sell and what we are willing to pay)
-
Economic Efficiency
- Wise use of resources to meet needs and wants of society
- (How can we maximize use of resources)
-
Economic Equity
Everyone benefits the same from economic policies
-
Economic Security
- Protection for society from issues they cannot control alone
- (Safety, prices, terrorism, health care)
-
Economic Stability
Maintaining and improving societies
-
Standard of living
The material well being of an individual, group or nation
-
Economic Growth
Expansion of economy to produce more good and services, jobs, and wealth
-
1) Support and take care of yourself and your family
Individual rights and responsibilities in a Free Market System
-
2) Elect responsible government officials to work for you
Individual rights and responsibilities in a Free Market System
-
Socialism
Government management of needs of society, i.e Social security, healthcare, disabled citizens
|
|
