What are the three important features to capitalism

History

2 answers:

DaniilM [7]3 years ago

7 0

hey man!

People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

hope this helps! :)

Contact [7]3 years ago

6 0

Right to Private Property: This is the essence of capitalism. This right means that private property such as property, factories, machines, plants etc. can be owned under private individuals and companies.

Price Mechanism: Price mechanism is like an invisible hand that controls the workings of a capitalist economy.

Profit Motive: The driving force behind any capitalist economy is the profit motive. All companies wish to produce and sell their products to maximize their profits. This also induces healthy competition in the economy.

Freedom of Enterprise: In capitalism, every individual is free to make his own economic choices without any intervention. This includes both the consumer and the producers. So a producer is free to produce any goods or services.

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Paid, professional soldiers are called: viziers serfs vassals mercenaries

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Paid, professional soldiers are called "Mercenaries".

Answer: Option D

<u>Explanation:</u>

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2 years ago

Match each of the following Puritan values with the quote that best demonstrates that value.

sasho [114]

<h3>Puritan values: <u>Piety</u></h3>

1. "But if our hearts shall turn away, so that we will not obey, but shall be seduced, and worship other Gods, our pleasure and profits, and serve them; it is propounded unto us this day, we shall surely perish out of the good land whither we pass over this vast sea to possess it" (Winthrop 14).

<h3>Puritan values: <u>Courage</u></h3>

2. "But here I cannot but stay and make a pause, and stand half amazed at this poor people's present condition; and so I think will the reader, too, when he well considers the same. Being thus passed the vast ocean, and a sea of troubles before in their preparation (as may be remembered by that which went before), they had now no friends to welcome them nor inns to entertain or refresh their weather-beaten bodies; no houses or much less towns to repair to, to seek for succor" (Bradford 5).

<h3>Puritan values: <u>Industry</u></h3>

3. "And of these in the time of most distress, there was but six or seven sound persons, who, to their great commendations be it spoken, spared no pains, night nor day, but with abundance of toil and hazard of their own health, fetched them wood, … made their beds, washed their loathsome clothes, clothed and unclothed them; in a word, did all the homely and necessary offices for them which dainty and queasy stomachs cannot endure to hear named; and all this willingly and cheerfully, without any grudging in the least, showing herein their true love unto their friends and brethren" (Bradford 8).