Question

c. disadvantages of free market capitalism

1. the most recent example of uneven economic growth in the united states was the _, which lasted 18 months between 2007 and 2009. during this period, the nations gdp shrank about _ and _ percent.
2. the widening gap between _ and _ may require government interventions some criticize as too _ in nature.
3. in the _ -side of the market, suppliers tend to _ with other suppliers to avoid _ or to become more efficient. this means that participants on the _ -side of the market have fewer suppliers to choose from.
4. businesses have most of the same rights as _. they can sue and be sued, they can enter into _, and they can own _. however, corporations cannot _ like you can.

Explanation:

1. The 2007 - 2009 Great Recession in the US saw GDP shrink by about 4.3 percent.
2. The gap between the rich and the poor may prompt government interventions criticized as too socialist in nature.
3. On the supply - side of the market, suppliers may collude to avoid competition, leaving consumers with fewer choices.
4. Businesses have similar rights as individuals, can enter contracts, own property, but cannot vote like individuals.

Answer:

1. Great Recession; 4.3
2. the rich; the poor; socialist
3. supply; collude; competition; demand
4. individuals; contracts; property; vote