Ch+2.4

Ch 2.4 notes and questions

__The rise of mixed economies__ __Comparing mixed economies__ __The US economy__
 * laissez faire- the doctrine that government generally should not intervene in the marketplace
 * private property- is property that is owned individuals or companies not by the government or the people as a whole
 * free enterprise systems investments are determined in a free market by private decisions rather than by state control
 * continuum is a range with no clear divisions
 * transitions a period of change in which an economy moves away from central planning toward a market based system
 * privatized - sold to individuals and then allowed to compete with one another in the market place
 * has a free enterprise economy, the market place operates with low level of government regulation
 * US laws protects private property