Answer:
Three main ideas behind capitalism are followings:
1. Self-interest
2. Competition
3. laissez-faire.
Explanation:
Adam smith is known as the father off modern economics.
Adam Smith stated the best economic benefit for an individual achieves when an individual acts in their self- interest only.
Adam Smith said both <u>competition and self-interest</u> are important forces for economic, Competition regulates the economic activity and self- interest motivates economic activity.
These are the invisible hands of economics.
<u>Laissez-faire</u> capitalism means free-market economy no intervention of government in business activity except to protect individual rights.
