QUESTION IMAGE
Question
introduction: match each term with its correct definition.
capitalism
invest
joint - stock company
mercantilism
commercial revolution
an economic system in which private individuals own businesses
a great increase in trade and wealth caused by european exploration
a business model in which investors buy shares in a company
an economic policy in which countries collect gold or silver
to put money into something, such as a business, to make a profit
Brief Explanations
- Capitalism: In a capitalist system, private individuals have the right to own and operate businesses. This is a fundamental characteristic of capitalism.
- Invest: The act of putting money into something (like a business) with the expectation of making a profit is what "invest" means.
- Joint - stock company: A joint - stock company is structured such that investors can buy shares in the company. This allows for shared ownership and risk - sharing among investors.
- Mercantilism: Mercantilism is an economic policy where countries aim to collect gold or silver. The idea is that a country's wealth is measured by its stock of precious metals.
- Commercial Revolution: The Commercial Revolution was marked by a great increase in trade and wealth. This was largely due to European exploration which opened up new trade routes and markets.
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- capitalism: an economic system in which private individuals own businesses
- invest: to put money into something, such as a business, to make a profit
- joint - stock company: a business model in which investors buy shares in a company
- mercantilism: an economic policy in which countries collect gold or silver
- Commercial Revolution: a great increase in trade and wealth caused by European exploration