Read the following paragraph from the section "John Maynard Keynes":

1 answer:

dsp732 years ago

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The author included this paragraph in the article "John Maynard Keynes" to "show the connection of capitalist and socialist ideas in Keynes's theory".

<h3>Capitalism</h3>

John Maynard Keynes is an economist who believed in capitalism. Capitalism is an economic system in which the control of production and distribution of goods and services in a country is determined by private firms.

The paragraph about the government using its resources to solve the challenge of depression is to show that even if economic activities is controlled by private individuals, government participation on regulation is important.

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