Examlex
The mean, median, and standard deviation of a normally distributed random variable are all at the same position on the horizontal axis since the distribution is symmetric.
Capitalists
Individuals or entities that own capital goods, invest in business ventures, and seek to generate profits within an economic system based on capitalism.
19th Century
Refers to the 1800s, a period marked by industrialization, political changes, and significant technological advancements.
18th Century
The period from 1701 to 1800, recognized in history for significant social, political, and industrial changes worldwide.
Adam Smith
He was an 18th-century Scottish economist and philosopher, best known for his work "The Wealth of Nations", which laid the foundation for classical economics and the concept of an 'invisible hand' guiding free markets.
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