Editing Capitalism and its Critics (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Capitalism''' — An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
* '''The Invisible Hand''' — Adam Smith's idea that individuals seeking their own profit unintentionally help society as a whole.
* '''Free Market''' — An economic system in which prices are determined by unrestricted competition between privately owned businesses.
* '''Capital''' — Wealth in the form of money or other assets owned by a person or organization (e.g., Factories, Machines, Intellectual Property).
* '''Laissez-faire''' — A policy of "Leaving things alone"—minimal government interference in the economy.
* '''Commodification''' — Treating something (like health care, education, or nature) as a product to be bought and sold.
* '''Externalities''' — Side effects of economic activity that affect others without being reflected in the price (e.g., Pollution).
* '''Income Inequality''' — The gap between the richest and poorest members of a society.
* '''Monopoly''' — When a single company controls an entire market, preventing competition.
* '''Adam Smith''' — The 18th-century philosopher known as the "Father of Economics" and author of "The Wealth of Nations."
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