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The importance of economic freedom versus economic equality often depends on the context and the values of a society. Economic freedom promotes individual choice and entrepreneurship, potentially leading to innovation and overall economic growth. However, without some level of economic equality, disparities can undermine social cohesion and limit opportunities for disadvantaged groups. Ideally, a balance between both can foster a fair and prosperous society.
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What are 3 reasons people came to the US?
People came to the US because of economic opportunity, religious freedom, social equality. Also their homelands were being bought and taken away from them. The US needed more people also to work their and to "build it up."
A Libertarian today is a person who wants the individual to have what?
more personal freedom, less economic freedom.
Is economic growth more important than economic equality?
yes. Equality is only possible when everybody is equally poor. As long as you reward people for their effort, some will choose to put in less effort than others, and earn less as the result.
Is the US Constitution biased more towards freedom or equality?
it is based more on equality , but that didnt stop people from having slaves and being racist
A Libertarian today is a person who wants the individual to have?
more personal freedom, more economic freedom.
Which of these value conflicts represents the modern dilemma of government?
The modern dilemma in government is the controversy of equality versus freedom.
A conservative today is a person who wants the individual to have?
more economic freedom, less personal freedom.
What Promotes economic equality an cooperation?
Policies that promote fair wages, access to education, healthcare, and affordable housing are important for achieving economic equality. Encouraging cooperation through collaborations between government, businesses, and communities can also help create a more equitable economy where wealth is shared more equally among all members of society.
Why is economic freedom more likely to exist where there is political freedom?
Economic freedom is more likely to exist where there is political freedom because democratic systems promote transparency, accountability, and the rule of law, which are essential for protecting property rights and fostering entrepreneurial activities. Political freedom allows for the expression of diverse economic interests and the implementation of policies that encourage market competition. Moreover, in politically free environments, citizens can advocate for their economic rights and challenge unfair practices, leading to a more dynamic and innovative economy. Ultimately, the interplay between political and economic freedoms creates a conducive environment for sustainable economic growth.
Why is economic power more important than military power?
economic power is more important because without an economic power we would have a military power.
Is economic development more important than political freedom for developing countries?
They are both of extreme importance as no country has yet managed to maintain one without the other for long.
What is one right or freedom that William Penn gave the colonist in Pennsylvania?
william penn was a quaker and was given land from the king to pay off debt to him. he wanted religious freedom and more equality
