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
seeing as no choices were provided, i'll do my best to answer it from knowledge.
job specialization promotes work ethic to the person doing the job. he/she may be strong in the arms and able to lift things, specializing him/her in a job where you lift and carry.
Answer from: Quest
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