Business, 01.04.2021 01:00 nicholasferrell

✓Matching Match each term in Column A with its definition in Column B. Column A 1. capitalism 2. free enterprise 3. profit motive 4. competition 5. private property 6. pure competition 7. monopolistic competition 8. public property 9. gross domestic product (GDP) 10. invisible hand Column B a. competition among many small producers who sell products that vary slightly b. the total value of the goods and services pro- duced by a country in one year c. the lands, buildings, or goods owned by individuals or businesses d. the lands, buildings, or goods controlled or op- erated by federal, state, or local governments e. the right of individuals to enter into legal businesses and operate them as they see fit f. the effort to outperform other businesses g. a system of private ownership of raw materi- als, factories, and equipment h. the desire to earn a surplus i. when no single firm can influence prices j. Adam Smith's view on how a nation's eco- nomic resources can be efficiently allocated

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✓Matching Match each term in Column A with its definition in Column B. Column A 1. capitalism 2. fre...

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