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Who was the founder of capitalism?
Nobody founded capitalism. It emerged gradually out of previous socioeconomic systems.
What would a laissezfaire policy regarding drugs involve?
no government regulation
What did laissezfaire supporters believe about the role of government in economic affairs?
Entrepreneurs
What is the opposite to capitalism?
A society with none of the hallmarks of capitalism, i.e. classes, wages, production for sale, government, armies. So Communism, a classless stateless society based on production for use.
USA was fiunded on the basis of Socialism?
The statement that USA was founded on the basis of Socialism is false because it was based on capitalism.
How did capitalism developed its place in America's economic and legal systems?
America was founded with the goal of freedom from too much government interference in the lives of citizens. Capitalism is a continuation of that goal, in that capitalism acknowledges the right of individuals when it comes to business and earning money with as little government interference as possible.
How are private rights related to the system of capitalism?
Capitalism is based on a number of key principles, the most important of which is private property. A capitalist is precisely someone who owns means of production and controls a significant bit of capital, this is founded on private property. If private property is abolished, capitalism cannot exist.
How are private property rights related to the system of capitalism?
Capitalism is based on a number of key principles, the most important of which is private property. A capitalist is precisely someone who owns means of production and controls a significant bit of capital, this is founded on private property. If private property is abolished, capitalism cannot exist.
Laissezfaire policy during the Gilded Age in which government let businesses function without regulation reflected the Constitutional principle of?
limited government.
What type of economic system do individuals own most of the businesses?
Capitalism
What is capitalism in a sentence?
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
