Terms in this set (13)
Sets forth certain economic roles for all members of the economy.
Stable, predictable, and continuous life.
Discourages new ideas and new ways of doing things.
Stagnation and lack of progress.
Lower standard of living
Capable of dramatic change in a short time.
Many basic education health and other public services are free.
Doesn't meet needs and wants.
Lacks room for individual initiatives.
Individual freedom for everyone.
Able to adjust to any change gradually.
Doesn't provide for too young or too old.
Does not produce enough public goods (health care).
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