Capitalism Terms Review

Not having government interfere in the workings of the economy

Idea that BUYERS have lots of power and control in the market place

Wrote the "Wealth of Nations"

Capitalism was not a factor in the Industrial Revolution

In a market economy, prices go up and down depending on this.

What were corrupt owners and unfair owners called?

Who created "New Lanark"

What was a negative of capitalism?

What emerged with the growing concern of capitalism?

What is awesome about Capitalism

The economic system that dominated during Medieval Times

quality important to individualists; if you have a 'good one' of these, you will succeed

Your right to buy and sell what you want.

The ultimate goal for a business; main incentive in capitalism that pushes people to work hard

Resources that are owned by individuals or corporations, not by the government.

The head to head rivalry between 2 or more businesses to outdo each other.

The idea that no one controls the markets, yet they produce what is needed is know as...?