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Economics Regents Review
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Market Economy
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Economic decisions are made by individuals or the open market.
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Terms in this set (34)
Market Economy
Economic decisions are made by individuals or the open market.
Capitalism
An economic system based on private property and free enterprise.
Laissez Faire
Idea that government should play as small a role as possible in economic affairs
Mercantalism
Colonies exist only to benefit the mother country.
Bank of the United States
Hamilton's plan to solve Revolutionary debt, Assumption highly controversial, pushed his plan through Congress, based on loose interpretation of Constitution
