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(Questions (Whom?, How?, What?, Accommodation?, Progress?), Systems…
Price
= Scarcity
Positive vs. Normative
Questions
Whom?
How?
What?
Accommodation?
Progress?
Macro
Aggregate
Goals
Price (+-)
(-) Unemployment
(+) Output
Systems
Command
All in All
Govt.
Demise
Quality & Variety :red_cross:
Incentive :red_cross:
Coordination :red_cross:
Market
Failure
Monopoly
Externalities
-ve
+ve
Characteristic
Gov. + Market
Laissez-Faire
Founder
Smith
Characteristics
Gov. :no_entry:
Market :check:
Questions
What
Votes
Profit :star:
Whom
Able
How
Minimize
Cost
Invisible Hand
Harmony
Private
Public
Failures :!:
