Growth of Capitalism

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Last updated 4:58 PM on 10/17/22
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16 Terms

1
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Government regulates trade (mercantilism), but people
________ own the businesses that are doing the trading (capitalism)
2
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Capitalism
________: private ownership of business and production for a profit.
3
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Entrepreneur
________: risks money in hopes of earning a profit.
4
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Supply
________: the amount of a product available for purchase and Demand- how many people want that product.
5
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Commerce
________: the buying and selling of goods in large quantities over long distances.
6
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Columbian Exchange
________: the movement of goods, people, ideas, and even diseases across the Atlantic.
7
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Middle Class
________: group made up of artisans and merchants.
8
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Joint stock company
________: allowed individual entrepreneurs to buy stocks, or shares, in a company.
9
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The Columbian Exchange led to
what is called a commercial revolution.
10
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Columbian Exchange
the movement of goods, people, ideas, and even diseases across the Atlantic
11
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Commerce
the buying and selling of goods in large quantities over long distances
12
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Capitalism
private ownership of business and production for a profit
13
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Entrepreneur
risks money in hopes of earning a profit
14
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Joint-stock company
allowed individual entrepreneurs to buy stocks, or shares, in a company
15
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Middle Class
group made up of artisans and merchants
16
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Commerce led to
the rise of the entrepreneur.