Economy Flashcards
(4 cards)
1
Q
What is private property a part of?
A
The natural rights
2
Q
what are their opinions on capitalism?
A
private property at its centre
Economic liberalism
Private enterprise/ownership
3
Q
what is the ‘invisible hand’?
A
of market forces
Guide traders to success
Wealth ‘recipes down’ to everyone
Improve wealth of nations
4
Q
which individuals are concerned with economy?
A
Adam Smith- Wealth of Nations
