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L E S S O N 7
Commerce Capitalism
Time to Teach
SLIDE 7A
Workbook This lesson corresponds to The 21st Century Student's Guide to Financial Literacy, student workbook, Chapter 7. Suggested Videos and Additional Resources www.emergingmarkets.org/video-library.html has loads of interesting and informative videos related to emerging market news and events. • The Success and Price of Capitalism (www.youtube.com/watch?v=cUybghTrNHc) (1:01:34) PRODUCT PREVIEW What Does That Mean? Term Definition Link to highly recommended videos organized by lesson at www.c21student.com/ you-tube-lesson-links/ Materials List Computer/smartboard Webslides (www.c21student.com) SLIDE 7B-E
capitalism
an economic system characterized by private ownership of the things used to make, transport, and distribute products, which is operated for profit. buyer and seller transactions based on mutual agreement with no government interference. the ability of individuals to accumulate private property, which property is protected by clear rights and fully enforced laws. the money a business makes after all its costs and expenses are paid. the rivalry among sellers of products or services to increase profits and sales by offering the most favorable terms to the consumer. a nation whose economy has started to grow and whose political system is in development, but not yet fully matured and stabilized; represents specific investment opportunities and risks.
free market
property rights
profit
market competition
emerging market
Lesson 7 | Commerce Capitalism 110
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