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  • Captialism Def

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    Capitalism - An economic system in which money is invested in business ventures with the goal of making a profit. Adam Smith Defended the idea of a free economy (capitalism) B. Laissez-faire 1. Government should not interfere with the economy and business 2. "Hands off"

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    Capitalism - An economic system in which money is invested in business ventures with the goal of making a profit. Adam Smith Defended the idea of a free economy (capitalism) B. Laissez-faire 1. Government should not interfere with the economy and business 2. "Hands off"

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    3 views1 page

    Captialism Def

    Uploaded by

    stquinn864443
    Capitalism - An economic system in which money is invested in business ventures with the goal of making a profit. Adam Smith Defended the idea of a free economy (capitalism) B. Laissez-faire 1. Government should not interfere with the economy and business 2. "Hands off"

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    of 1

    I.

    Capitalism – An economic system in which money is invested in


    business ventures with the goal of making a profit.
    A. Adam Smith
    1. Defended the idea of a free economy (capitalism)
    2. Wrote The Wealth of Nations (1776)
    3. “Economic liberty guaranteed economic progress”
    4. Invisible Hand –An invisible force that guides the
    economy
    B. Laissez-Faire
    1. Government should not interfere with the economy
    and business
    2. “Hands off”
    3. Free market unregulated by the government

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