Key Terms Instructions: Please Define the Following Key Terms

question 37

Short Answer

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
corpuscles

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Definitions:

Market System

This system of economy relies on supply and demand to guide decisions about investments, production levels, and the distribution mechanism, with the cost of goods and services being determined in an unregulated pricing system.

Self-Interest

The pursuit of personal advantage or gain, which can motivate individuals to act in ways that benefit them.

Market System

A financial system is in place where market forces such as supply and demand dictate the decisions on investment, production scales, and distribution strategies, with prices for products and services set in a liberalized pricing environment.

Capitalist System

An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in the market.