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54540
Market Liberalism
Description
Mind Map on Market Liberalism, created by 102547 on 23/04/2013.
Mind Map by
102547
, updated more than 1 year ago
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Created by
102547
about 11 years ago
58
1
0
Resource summary
Market Liberalism
Capitalism
economic system - dominant
Annotations:
formed in 18thC Europe is the dominant form of economic power
people motivated to sell goods/services
in order to exchange for a profit
Free Market
Open market
regilated by supply and demand
competition ensures price + quality are controlled
made up of workers who sell their labour
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