Q2. Match each term with the correct definition by
inserting the appropriate letter into the
second column.
Term Appropriate Letter that matches the term
private property
freedom of enterprise
mutually agreeable
freedom of choice
self-interest
competition
market
a. An institution that brings buyers and sellers together.
b. The right of private persons and firms to obtain, control,
employ, dispose of, and bequeath
land, capital, and other property.
c. The presence in a market of independent buyers and sellers who
compete...