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HOW WE MAKE A LIVING
Our Economic System and Its Evolution
Freedom and Specialization in Our Economy
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American APPLYING YOUR ECONOMIC bonds borrow business concerns business cycle buyer capital cash changes chapter commodities companies consumers cooperative corporation cost craft union debt decrease demand deposits dollars economic rent employers employment enterprise example exchange expenditures exports factors of production farm farmers federal government federal reserve banks Federal Reserve System fixed gold Gresham's law gross national product important increase individuals industry interest rate investment kinds labor unions land loanable funds loans manufacturers means ment million monopoly national income needs nomic operate organization owners ownership paid partnership payment percent problems profit purchase purpose quantity receive rent result savings sell sellers shares social security sole proprietorship standard stockholders sumers supply Taft-Hartley Act tariff term tion trade types United utility wages wants workers