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dsp73
3 years ago
9

Explain the benefits of capitalism. Support your discussion with reasons and evidence.

History
1 answer:
Lubov Fominskaja [6]3 years ago
7 0
Capitalism is a great economic system for several reasons.

1) Individuals have a significant amount of freedom.- Citizens have the ability to buy whatever products they want, as long as they have the money to pay for it. This allows citizens freedom, as their is no government limiting what they buy on a day to day basis.

2) Businesses compete, which drives down prices- In a capitalist society, there is very little government interference with the economy. This allows businesses to compete against each other. This competition drives down prices because if a business charges an extremely high amount for a good and another business in the same industry charges much less, people will go to the business that charges the least amount.
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King George III believed the colonists were financially responsible for the French and Indian War; therefore, enacted several acts.

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The relationship between the French and Indian War and the English Colonial Policies that eventually led to the writing of the Declaration of Independence is that "King George III believed the colonists were financially responsible for the French and Indian War; therefore, enacted several acts."

Following the conclusion of the French and Indian war that lasted between 1754 to 1763, King George felt since the war was fought on American soil, they should be the ones to pay for the war debts.

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