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America's economic system is known as?
mixed-capitalism
Are there any famous people in capitalism?
are there any famous people in capitalism?
What was Adam smith not known for?
Capitalism
Why is Adam smith called the father or capitalism?
Adam Smith is called the father of Economics becasue he was one of the first people during his time to theorize economic theory
What is the American economic system known as?
Mixed capitalism
America's economic system is known as?
mixed-capitalism
Are there any famous people in capitalism?
are there any famous people in capitalism?
Why is Adam smith called the father of capitalism?
Adam Smith is called the father of capitalism because of his influential work "The Wealth of Nations," published in 1776. In this book, Smith laid out the principles of free market economics and argued for minimal government intervention, individual self-interest driving economic growth, and the importance of competition in fostering economic development. His ideas have been foundational to the development of capitalist economic theory.
What was Adam smith not known for?
Capitalism
Why is Adam smith called the father or capitalism?
Adam Smith is called the father of Economics becasue he was one of the first people during his time to theorize economic theory
What was the goals of European liberals?
Capitalism. Individual rights and freedoms Greater representation for the people
What is the American economic system known as?
Mixed capitalism
Who became known as the father of the Jewish people?
Abraham.
What is capitalism like?
Capitalism is an economic idea where the people work for the people, not the government. Individuals own businesses, land, and goods. Capitalism has flourished because individuals are working for their own good - they have money to strive for. The opposite of capitalism is communism. An example of a country who uses capitalism is the USA.
An economic system in which companies compete for profits is known as?
Capitalism :)
An economic system in which companies compete for profits is known as what?
Capitalism
Is socialism working better than capitalism?
no, socialism isn't better than capitalism because capitalism has a free market and people get rich easily.
