Matching Pairs 7.1.4 vocabulary matchingOnline version capitalism merchants trade by Shaner Adams 1 Democratic 2 Means of production 3 Merchants 4 Capitalism 5 Market economy 6 Entrepreneurs 7 Middle class When price is determined by the "invisible hand" of supply and demand People who trade goods for a living People power People who risk investing in a business in hopes of making a profit When the government stays out of business matters, as advocated by Adam Smith. People who have enough money to buy manufactured or luxury goods for themselves Things people make money off of.
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