Capitalism

15. When supplies become more plentiful, prices tend to drop.

20. The most common medium of exchange; it represents value.

18. If demand rises, sellers can raise prices.

8. Capitalism is often called :

5. A company with a monopoly has _____________ over a particular business.

2. In a capitalist system, businesses are owned and managed by:

19. Government should play a very limited, hands-off role in society.

3. What is the opposite of capitalism?

16. When supplies become scarcer (low), prices tend to rise.

12. A situation in which companies compete against one another for customers

13. It is the quantity of goods or services for sale

7. In a mixed economy:

10. All individuals are free to start and run their own businesses_

1. This is also called capital goods that includes money, but also describes the buildings, machines, and computers

3. Capitalism is based on the concept of:

9. The owners are sometimes individuals, but often are groups of people

17. If demand drops, sellers will probably raise their prices in order to make a sale.

14. It is the desire of potential buyers for those goods and services

2. This includes knowledge and skills that workers gain from their work experience—an investment in themselves.

11. Individuals are entitled to benefit from whatever their investment or enterprise earns or gains in value