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Karl Marx
A 19th-century philosopher, economist, and political theorist known for his critical theories about capitalism and his influence on the development of socialist and communist movements.
Capitalist
A person who supports or engages in the principles of capitalism, a system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own interests.
Price Mechanism
The system by which the prices of goods and services are determined in a free market, based on the principles of supply and demand.
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