Posted in Economics

Econ 2.3 Vocab

  1. free-enterprise system مؤسسة حرة: capitalist/market economy
  2. economic freedom: allowed to choose what you buy and how to earn money
  3. income سياسة: money you make
  4. voluntary exchange: buyers and sellers freely and willingly engaging in market activity
  5. private property rights: we can own and control land
  6. profit ربح: actual money made
  7. profit motive الدافع الربح: wanting to get more money
  8. entrepreneur مقاول: a person who starts a business
  9. risk خطر: the chance of losing something
  10. benefits فوائد: things that help you
  11. consumer sovereignty قوة: buyers’ power (kings)
  12. intervene تدخل: take over
  13. mixed economy اقتصاد مختلط: people can spend and work freely with some government control (U.S.A.)
  14. consumers المشترين: the buyers

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