answersLogoWhite

0

individual citizens, not governments, should own business, land, and industry. (Nova Net)

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Which economic system says that land business and industry should be owned and run by by individula citizens and not by the government?

This would be capitalism.


Which economic system says government should control all land and wealth and that government should be in the hands of just one political party?

Capitalism


What is an economic system which says that land business and industry should be owned and run by individual citizens and not by the government?

A system where land, business, and industry are owned and operated by individual citizens rather than the government is known as capitalism. In capitalism, individuals have the right to own property and make decisions on how to use their resources for economic gain, without government interference or control.


In its pure form this system says government should not interfere with business at all?

capitalism


What economic system says government should control all land and wealth and that government should be in the hands of just one political party?

This is a version of Communism where the Party is the only legal political unit.communism- nova net


Does the Constitution of the US include a full description of the role of the government in THE economic system?

The US constitution says very little about the role of the government in the economic system, and certainly does not include a full description of that role.


What was Europe's economy after mercantilism?

After mercantilism, Europe later became dominated my what is termed a social market economy. With the advent of the EU and pressure from the u.s. and Asian power rising, this system is being tempered (says the optimist) or dismantled (says the cynic) by free-market capitalism. This is most evident in France where large-scale reforms in social security schemes are underway in an effort to maintain economic solubility.


Hard core song that says bounce?

System of a Down has a song called "Bounce."


What are the Pro of capitalism?

Capitalism as a social system promotes individual rights. In capitalism, everyone is free to do as he or she pleases so long as their actions do not interfere with the rights of others. The government's power is limited to the protection of these rights (laissez-faire capitalism as a political system) and everyone can enjoy a fearless way of life. Continuing on the economic and political train of thought, capitalism has a 100% free market economy. You are allowed to enter or withdraw from it as you please and place items up for sale with no outside interference. This means that there is no income tax or anything of the sort. What you make is completely and entirely yours. Much of the criticism of capitalism stems from the thought that the rich will become richer and the poor will become poorer. What they fail to say is that the PRODUCTIVE rich will become richer under capitalism and the UNPRODUCTIVE poor will become poorer. Controversy also stems from the belief that only the selfish and corrupt can succeed in capitalism and that everyone has a duty to others. Those three points each represent different things: That everyone must be selfish to succeed in capitalism is true to an extent- so long as the "selfishness" is RATIONAL (see: Objectivism); that only the corrupt can succeed in capitalism is incorrect and is actually quite untrue- the corrupt will logically not have their products bought for they will, logically, be sub-par (see: nihilism); and that everyone has a duty to others is a fallacy that stems from the irrational fear that always seems to pervade anti-capitalist thought- upholding this doctrine of self-sacrifice can only lead to communism or socialism (see: Marxism as well). While it is true that capitalism will have a very wealthy upper-class and a very poor lower-class, there is no law that could exist in capitalism that would prohibit charitable foundations that still would continue to give to the poor; capitalism only says that you may not force one to donate. I hope this answers your question- and, for more information, do read up on Objectivism, a staunchly pro-capitalist philosophy.


What does the US constitution say about capitalism?

The US Constitution says absolutely nothing about capitalism. The only oblique reference to capitalism is in the Preamble where it has the phrase "secure the Blessings of Liberty to ourselves and our Posterity". Liberty, when the US Constitution was written, referred to economic freedom to open, manage, and close businesses as well as freely shop at any business. So, the US Constitution was arguing that one of the key purposes of the US Constitution was to guarantee a free-market economy.


Hello! We need a little help naming our system. I say we should be called The Butterfly System because, butterflies are awesome and i love them. but Akuma says we should be called The Solar System because its funny. What do you think?

the butterfly system is better


Why is commercial revolution important?

The commercial revolution was a crucial period of economic growth and globalization during the 16th and 17th centuries. It marked the transition from local and regional economies to a globalized system of trade and commerce. This period saw the emergence of new economic practices, such as joint-stock companies and banking, which laid the foundation for modern capitalism. The commercial revolution also spurred exploration and colonization, leading to the establishment of powerful empires and the interconnectedness of nations.