Capitalism is often thought of as an economic system in which private actors own and ... The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher ...

Demand is usually set to decline and supply to increase with price, yielding a system that moves ... debate over what drives economic behavior and what should (or should not) be done to deal with ...

Gaining and maintaining public confidence in the currency is a key role of the Bank of England and one which is essential to the proper functioning of the economy. The Adam Smith Series F £20 ...