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Randy stopped putting money into a candy machine because he stopped getting candy out.After a couple months Randy put money into the candy machine again,but when no candy came out,he stopped putting money in.Randy's behavior of putting money into the candy machine after a couple months is an example of:
Socialism
Economic system characterized by government ownership and operation of major industries, such as communications.
Economic Recession
An economic recession is a significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Regulated Monopolies
Market situations in which local, state, or federal government grants exclusive rights in a certain market to a single firm.
Economic Recession
a period of temporary economic decline characterized by a decrease in GDP, income, employment, and trade, typically lasting from six months to a year.
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