1 Pick TWO words in the green dictionary to define. See if you
can find a video or something interactive that would add to the definition.
Include an active link so the reader can go right to the page
48.
Tragedy of the Commons- is a problem when multiple individuals act independently
and ultimately deplete a shared limited resource.
25. Market Failure: is when there is an inefficient allocation of goods and services on a market.
http://www.youtube.com/watch?v=zc3Dg5Makx8
2 In the Green Dictionary add THREE new concepts or terms about
which you learned from the videos you watched. Make sure to cite!
1 Commons the total amount of credit in society. “http://www.youtube.com/watch?v=wXqHSZOg3VA&feature=related”
2 Economic
interventionism is an action taken by a
government in a market economy or market-oriented mixed economy, beyond the basic regulation
of fraud and enforcement of contracts, in an effort to affect its own economy. “http://en.wikipedia.org/wiki/Economic_interventionism”
3 Renewable
energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable.” http://en.wikipedia.org/wiki/Renewable_energy”
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