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Goods
| Physical objects that are sold and purchased to satisfy economic wants. For example: food, shoes, cars, houses, books, and funiture |
Common good
| That which benefits all of society usually in such areas as health, safety, and welfare. |
Direct democracy
| A form of government in which the people govern themselves by voting on issues. |
Federal
| A government in which power is divided between the national and state governments, each with its own powers. |
Consumer
| One who buys or uses products and services. |
Authoritarian
| A form of government in which rulers hold absolute power over people, such as in a dictatorship. Freedom of speech and personal freedom are usually restricted. |
Consumption
| The use of goods and services to satisfy economic wants and needs. |
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