Economics: Module 5 Note Taking Guide Match



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National Goal

Definition




Extent of personal choice, extent of ability to enter, compete, & exchange in markets, protection of personal property.




Maximizing the use of resources in a society’s production




Increasing overall output of the country’s economic goods over time and increasing standard of living.




Extent to which citizens of a society have equal opportunities to share in the country’s overall wealth.




Extent to which citizens of a society are able to provide their own material well-being even in times of crisis.

5. What is


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