The differences that exists between welfare capitalism and classical liberalism is that:
- Welfare capitalism is directed towards the employers of labor while classical liberalism is directed towards the government.
- free market principles are mixed together with laws from a welfare state in welfare capitalism, while classical liberalism is about the limitation of the powers of the goverment.
- Classical liberalism is concerned with the protection of freedoms of citizens, welfare capitalism is mostly about the market.
<h3>What is classical liberalism?</h3>
This is a market system that is mostly about the laissez faire system in an economy. It is one that advocates for free markets.
<h3>What is the welfare capitalism in a country?</h3>
This is one that involves businesses and firms providing welfare services to the people that they employ.
Read more on classical liberalism here: brainly.com/question/12500157
To answer this is easy. Answer: auto parts, electronics and oil
The flat land. It gave the romans the ability to build much.
The classic reason for locating a particular value chain activity in a particular country is : Low cost
The average wages needed to pay the labor in other countries tend to be lower than the average in the united states (maybe almost half of it). So it's very common for corporation to give the job to other country in order to increase profit
