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Graph the logistic function
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Adam Smith
A Scottish economist, philosopher, and author known for his theories on free market economics presented in his book "The Wealth of Nations."
Invisible Hand
A metaphor introduced by economist Adam Smith to describe the self-regulating behavior of the marketplace, where individuals acting in their own self-interest inadvertently benefit society at large.
Petty Bourgeoisie
Class of small business owners and employees who own some means of production but do not exploit large labor forces, often seen as part of the middle class.
Middle Class
A social group between the upper and working classes, including professionals, business people, and others with a moderate to high standard of living.
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