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What is capitalism and give 3 key features?
It is an economic principle used by most all countries today in some of many watered down versions. Free open markets Consumer driven Follows the basic principles of supply and demand
What are the basic tenets of free enterprise and capitalism?
1. Private ownership/private risk. 2. Money as main factor of production. 3. Profit motive' 4. laissez-faire 5 easy entry/exit 6. entrepreneurship
What is need in order capitalism to work?
Capitalism requires a few conditions: 1) A well-educated consumer 2) Lack of fraud or monopolies 3) Government's only role is breaking monopolies and preventing fraud (e.g. No taxes, no public education, no public healthcare, social security, etc.) No countries truly have capitalism.
3 features of capitalism?
The three defining traits of capitalism are as follows: 1) Free pursuit of self-interest 2) Free international trade relations 3) Free technological development There are many more details and aspects of capitalism but that's the answer if you're looking for something brief and concise.
An economic system is.?
There are 3 economic systems 1 Capitalism (Which is Free Market) 2 Socialism (when the government owns education,communication and transportation) 3 Communism when the government owns everything
What was the 3 main ideas about the Declartion of Indepence?
must protect basic human rights
What are the basic ideas of Cell Theory?
1.) All living things are made of one or more cells. 2.) The cell is the basic unit of life. 3.) All cells come from pre-existing cells
What are 3 ideas of marxism?
Historical materialism: the belief that economic factors are the primary driving force behind historical change. Class struggle: the theory that society is divided into conflicting classes with opposing interests, leading to social tension and eventual revolution. Critique of capitalism: the analysis of how capitalism concentrates wealth and power in the hands of a few, exploiting the working class for profit.
What is capitalism and give 3 key features?
It is an economic principle used by most all countries today in some of many watered down versions. Free open markets Consumer driven Follows the basic principles of supply and demand
What are the basic tenets of free enterprise and capitalism?
1. Private ownership/private risk. 2. Money as main factor of production. 3. Profit motive' 4. laissez-faire 5 easy entry/exit 6. entrepreneurship
What elements make up culture in 3 sentences?
The three elements of culture are:occupationsbeliefs/religionshuman behavior
What are the 3 basic form of tourism?
what are the 3 basic form of tourism
How can you talk about an atom for 3 minutes?
Talk about the basic arrangement of the atom; the basic parts of an atom; the various theories of its structure, how they were developed, altered and proved/disproved; and the ideas of isotopes and radioactivity. Any of these can be covered in threee minutes alone, or all can be briefly touched upon.
What is the 3 vital ideas about cells?
All living things are made of cells, all cells come from prexisting cells and cells are the most basic building blocks of life. Cell Theory
John Locke wrote what about the basic human rights that could not be denied and his ideas were borrowed and made part of?
the declartation of independence <3 NoVaNeT AnSwEr <3
What is a plan of coherence?
The 3 main ideas that you are going to focus on in your body paragraphs. ....you can have more then 3 main ideas :)
What is need in order capitalism to work?
Capitalism requires a few conditions: 1) A well-educated consumer 2) Lack of fraud or monopolies 3) Government's only role is breaking monopolies and preventing fraud (e.g. No taxes, no public education, no public healthcare, social security, etc.) No countries truly have capitalism.
