___________ The system of trade in which those selling goods or ...

[pepyto]

___________ The system of trade in which those selling goods or services are permitted to charge an amount greater than their costs in producing or buying the good or service.
 
  What will be an ideal response?

Question 2

___________ The idea that government is responsible for guaranteeing a minimum standard of living for everyone.
 
  What will be an ideal response?

[jsm54321]

Answer to Question 1

pursuit of profit

Answer to Question 2

social insurance

[pepyto]

TYSM

[bigcheese9]

Thanks for the timely response, appreciate it