Image Source: http://iconbronze.com/Booker%20T%20Washington%20Bronze%20Statue%20Monument.htm. One of the foremost leaders of the African-American community, Booker T. Washington was a great educator and orator who founded the Tuskegee Normal and Industrial Institute in Alabama, now known as the Tuskegee University.
Private property. In a capitalist economy, people have rights to the fruit of their labor and whatever other property they acquire through legal means. Property includes a person's life (we own our own bodies) and liberty as well as physical possessions. Alienable property--possessions--can be sold or leased to others.
In a market economy (or market sector) the government has two types of economic policies to control aggregate demand -- fiscal policy and monetary policy. When these policies are used to stimulate the economy during a recession, it is said that the government is pursuing expansionary economic policies. And when they are used to contract the economy during an overheated expansion, it is said that the government is pursuing contractionary economic policies. III. FISCAL POLICY AND MONETARY POLICY