Examlex
Milton Friedman first proposed the hypothesis that individuals consume a fraction of their expected,or ________,income.
Legislation
Laws or legal statutes passed by a legislative body, governing body, or the process of enacting laws.
Market System
An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
Private Ownership
The holding of property by non-governmental legal entities or individuals, allowing control and use of the property according to the owner's preferences.
Dollar Votes
The “votes” that consumers cast for the production of preferred products when they purchase those products rather than the alternatives that were also available.
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