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CHAPTER 2 _ ECONOMIC SYSTEMS AND DECISION MAKING

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juvabeci's version from 2016-09-07 16:43

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The kickoff for Governor Ed Ham’s bid for reelection began last night with his campaign speech to several hundred senior citizens concerned by the recent rise in -------------------------Inflation
which has brought food prices to a nearly unacceptable level for those living on a --------------------------Fixed income
He also spoke to a large group of people who survive only on ------------------- payments, which have been threatened by recent attempts of Congress to reduce benefits.Social Security
Our --------------------- has not always been successful in providing for the wants and needs of our citizens,Economic system
” Governor Ham said. “You may feel that the -------------------------- has left you behind and without choices or power to affect what companies produce and charge. Market economy
What we need to do is go back to the basics of ------------------------ so that citizens can once again own the factors of production,” he added.Capitalism
When asked how he proposes to carry out his plans, Governor Ham said he believes strongly in benefiting both buyers and sellers with opportunities for a -------------------- that will bring more moneyVoluntary exchange
and --------------------------- to all.Profit
He wants to give ------------------------- back to the buying public so they can once again rule the market.Consumer sovereignty
He also mentioned the need for laws to protect ------------------------------- so people are freer to do what they wish with their possessions.Private property
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