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olga55 [171]
3 years ago
14

What are the fundamental beliefa of capitalism?

History
2 answers:
VARVARA [1.3K]3 years ago
8 0
An economy that is primarilary dependent on the private sector, meaning privately owned business rather than government owned 
emmasim [6.3K]3 years ago
5 0
Capitalism is the economic and social system and also the mode of production. In capitalism, means of production are predominantly privately owned and operated for profit and distribution, and exchange is in a mainly market economy. The rise of capitalism was supported by the ideas and theories of the many philosophers. One of the first was Adam Smith whose theory of "invisible hand" of market claimed that pursuing individual interests unintentionally produces good for society. David Ricardo developed the law of comparative advantages, which explain how trade can benefit all parties involved. John Lock argued that the right to have private property is the natural law.
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How did president harding start the u.s. on the path toward the great depression?
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As the 29th president, he started the U.S. path toward the great depression as he began the trend of deregulating big business.

<h3>What later led to the Great depression?</h3>

In the 1920s, the ultimate trigger of the economic meltdown was the collapse of the stock market.

However, before this, Harding has started the U.S. path toward the great depression as he began the trend of deregulating big business.

Read more about Great depression

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SCORPION-xisa [38]

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George Washington

Explanation:

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Option: became tourist sites

Explanation:

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