Econ Systems Vocab Matching
| Fixed income |
| Income that remains the same throughout time |
| Consumer Sovereignty |
| Consumers determine the production of goods |
| Economic System |
| Producing and distributing goods in an economy |
| Private Property Rights |
| The right of ownership |
| Capitalist |
| Wealthy person who invests in a trade based on a capital system |
| Competition |
| Rivalry among businesses |
| Capitalism |
| Trade in industry that is owned by private owners |
| Voluntary Exchange |
| The free exchange among buyers and sellers |
| Inflation |
| Increase in price and fall in money value |
| Profit |
| To make money off of a product |
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