Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
socialism with a human face
Market Units
Denotes the standardized quantities or measures used to specify transactions in a particular market.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.
Government Policy
Principles and actions by which a government aims to influence or control the economy, social and financial matters.
Consumer Surplus
Represents the difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
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