Economics Midterm (3)

State issued license for a business to conduct business

Corporate charter
Where the supply and demand curves cross

Equilibrium price
Federal Reserve System

Fed
John Stuart Mill

"Utilitarianism"
Socialistic government with a constitution

Democratic Socialism
Buyer of goods and services

Consumer
There is just not enough for us to have all we want

Scarcity
State law limiting interest that borrowers can be charged

Usury Law
Hands off policy by the government

Laissez- Faire
Borrowing money for less than one year

Short term financing

Author

hey_itsdarra

ID

252604

Card Set

Economics Midterm (3)

Description

Midterm

Updated

12/12/2013, 10:29:21 PM

Show Answers