| A | B |
|---|
| tariff | taxes on imports |
| commerce | buying and selling goods in large quantities over long distances |
| entrepreneur | a risk-taker who tries to earn a profit in business |
| joint-stock company | allowed individual people to buy shares in a business |
| social class | a group of people who share a similar position in society |
| middle class | a group of merchants and artisans (the regular working class) |
| capitalism | system in which people own property and run businesses, not the government |
| free enterprise | freedom of private businesses to compete for profits without government involvement |
| monarchy | government led by a king or queen |
| capital | business term for money |
