Create an account
The freedom to own property, to make a profit, and to make choices about what to produce, buy, and sell
A group of several companies organized to benefit from the high prices they all agree to charge.
A government's decision about the amount of money it spends and the amount it collects in taxes
Sherman & Clayton Antitrust Acts
To prevent unfair competition (trusts and monopolies) and unfair prices in business.
National & Fair Labor Standards Acts
Limited work hours, and increased minimum wage for workers. Also required employers to bargain with unions.
Occupational Safety & Health Administration
Sets and enforces health and safety requirements in a workplace.
Food and Drug Administration
Tests foods, cosmetics, and drugs for safety and correct advertisement.
Consumer Product Safety Commission
Sets rules regarding the safety of products. Also tests flammability of clothes, and can recall a product if it isn't believed to be safe.
Assists poor families by providing cash payments, food stamps but doesn't help only the unemployed.
Environmental Protection Agency
Controls pollution by regulating the amount of pollution buisinesses are allowed to omit.
credit default swap
unregulated "pseudo-insurance" promising financial protection against investment loss, current laws don't set requirements for cash reserves set aside to payout claims.
shrinking of the economy for two consecutive quarters, includes job loss, decreased income, and less spending
production of goods and services increases and indicates improvement in citizen's standard of living
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together