| A | B |
|---|
| capitalism | economic system where people are free to own their own businesses and where prices are determined by supply and demand |
| Adam Smith | defined and supported capitalism |
| Karl Marx | opposed capitalism and supported Communism |
| Communism | economic system where government controls most aspects of people's llives including property and business |
| laissez-faire | term used to describe allowing events to take their own course |
| Social Darwinism | only the strongest businesses survive |
| supply and demand | economic system consisting of something's price and supply based on its value |
| laissez-faire capitalism | government stays out of business |
