4 differences an 4 similarities between welfare capitalism an classical liberalism

Social Studies

1 answer:

Y_Kistochka [10]2 years ago

5 0

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

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