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<strong>American College Testing (ACT, Inc.)</strong> – An independent not-for-profit organization that provides assessment, research, information, and program management services in the areas of educational testing and planning, career planning, and workforce development.

breakeven level of income (M2)<br />The level of income at which all income is consumed and no debts are incurred.

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psychological economy (P1)<br />A capitalist ECONOMY that produces and administers the needs demanded by the system. This major view of the Germanborn US philosopher and social theorist Herbert Marcuse (1898-1979) influenced New Left writers in the 1960s.<br /><em>See also:</em> capitalism; needs standard; radical economics <br /><em>Reference</em><br />Marcuse, H. (1964) One Dimensional Man, London: Sphere.

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