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an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of goods and services:
the unfair situation in society when some people have more opportunities, money, etc. than other people:
inequality
a useful or valuable possession or quality of a country, organization, or person:
resource
money given as part of the cost of something, to help or encourage it to happen
subsidy
the situation in which everyone is treated fairly according to their needs and no group of people is given special treatment
equity
according to the rules or the usual way of doing things
regulation
a situation in which a market does not operate as it should, for example where the supply of a product is not related to the level of demand for it
market failure
a measure of how much one unit of a particular currency can buy at a particular time
purchasing power
government actions to influence the way financial markets or particular industries operate
government intervention
a tax on goods entering a country
tariff
the actions of a government to help its country's trade or industry by taxing goods bought from other countries
protectionism
the capacity of public institutions to formulate sound policies, deliver high-quality public services, manage resources efficiently, and enforce the rule of law independently of undue political pressure.
Effective government