One of the primary ideals of capitalism in the United states is Private ownership
<h3>What is Capitalism ?</h3>
Capitalism refers to an economic and political system in which a country's trade and industry are firmly controlled by private owners for profit, rather than by the state.
The ideals of Capitalism is anchored in private ownership and hence, the factors of production are controlled by the private sector.
One major characteristic of Capitalism is that the private sector controls the factors of production for the sole aim of making profit.
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Cases Are argued between guilty and not guilty
Laissez-Faire is an economic policy that says governments should not interfere with the free market; let the market develop on its own.
A. John adams it is the correct answer for edu 2020
Answer:
The statement is describing the usual difference in trade policy that exists between monarchies and republics.
Explanation:
The excerpt comes from the Spirit of the Laws, by Montesquieu, who was a French philosopher who promoted republicanism and liberalism.
In the text, Montesqueiu is explaining than in monarchies, trade is very restricted, and is usually only allowed for luxury goods like perfums, spices, or silk clothes, because these goods are used by the nobility as a symbol of their power and status.
In monarchies, for the rest of the population, trade is restricted. The common people therefore cannot access goods from abroad, or can only do so at a very high cost.
In republics, Montesquieu says, trade tends to be more open. Merchants become the ones who do most of the trade, guided by their economic ideas. The merchants therefore obtain many goods from abroad, that both the nobility and the commoner can acquire for a lower price.
In conclusion, Montesquieu is using the argument for trade as another reason to support republics over monarchies.
