Hi
CatrachoI've got some ideas I'd like to share with you. In the attachment, you'll find an excerpt similar to the one written below. Simply do a ctrl-find for more information.
In the United States, citizens are free to open and operate their own businesses without a governing body. The economic system is known as the
free market system, also known as
capitalism. In a free market economy, competition dictates how goods and services will be allocated. Business is conducted with more limited government involvement concentrated on regulations that dictate how businesses are permitted to operate. A key aspect of a free market system is the concept of private property rights, which means that business owners can expect to own their land, buildings, machines, etc., and keep the majority of their profits, except for taxes. The profit incentive is a key driver of any free market system.
The economies of the United States and other countries, such as Japan, are based on capitalism. However, a purely capitalistic economy is as rare as one that is purely communist. Imagine if a service such as police protection, one provided by government in the United States, were instead allocated based on market forces. The ability to pay would then become a key determinant in who received these services, an outcome that few in American society would consider to be acceptable.
Quick Reply
