During a recent city council meeting, Sam Jones, a local small business owner, said his only responsibility to the community was to make as much profit as possible. Which business model was he expressing?

A) Neo-capitalist
B) Concentric
C) Progressive
D) Socioeconomic
E) Classical economic

Classical Economic

An economic theory originating in the 18th century that advocates for free markets, competition, and the idea that an invisible hand guides supply and demand.

Neo-Capitalist

A modern version of capitalism that incorporates elements of social progress within the free market system for broader economic development.

Small Business

An independently owned and operated company that is limited in size and revenue depending on the industry.