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Wealth brings with it its own checks and balances. The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. . . . make equal laws: secure life and property, and you need not give charity. Open the doors of opportunity to talent and virtue, and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle [lazy] and brainless, to the industrious, brave, and persevering.
The ultimate goal of mercantilism was to gain greater
Why did industrialization change the economy of many countries? Check all that apply.
At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Check all that apply.
America’s abundance was not created by public sacrifices to “the common good,” but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.
Why did governments authorize the creation of joint-stock companies?
Which was a main benefit of industrialization?
According to Adam Smith, the government should be responsible for
In a capitalist economy, greater competition directly benefits
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