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7-1.4

Capitalism

QuestionAnswer
commerce the buying and selling of goods in large quantities over long distances
entrepreneur risk money in hopes of making a profit
middle class group made up of merchants and artisans
free enterprise the freedom of private businesses to compete for profits without gov't involvement
capital money
capitalism economic system in which individuals own property, make goods, and buy and sell them freely
market economy where individual buyers and sellers interact to exchange goods and services
goods products that are made
services something that is performed
Created by: ss class
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