pse chap23 sec1

all the human made resources that are used to produce goods and services

someone who owns capital and puts it to productive use

an individual with the drive and ambition to combine land, labor, and capital resources to produce goods or offer services

(capitalism) an economic system characterized by private or corporate ownership of capital goods and investments that are determined by priv

states that when supplies of good and services become plentiful, prices tend to rise

a firm that is the only source of a product or service

a device by which several corporations in the same line of business combine to eliminate competition and regulate prices

holds the the government should play a very limited, hands off roll in society