Market Liberalism

102547
Mind Map by 102547, updated more than 1 year ago
102547
Created by 102547 almost 7 years ago
55
1

Description

Mind Map on Market Liberalism, created by 102547 on 04/23/2013.

Resource summary

Market Liberalism
1 Capitalism
1.1 economic system - dominant

Annotations:

  • formed in 18thC Europe is the dominant form of economic power
1.2 people motivated to sell goods/services
1.2.1 in order to exchange for a profit
1.3 Free Market
1.3.1 Open market
1.3.1.1 regilated by supply and demand
1.3.1.2 competition ensures price + quality are controlled
1.3.1.3 made up of workers who sell their labour
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