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Market Liberalism

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Mind Map on Market Liberalism, created by 102547 on 23/04/2013.
102547
Mind Map by 102547, updated more than 1 year ago
102547
Created by 102547 almost 11 years ago
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Resource summary

Market Liberalism
  1. Capitalism
    1. economic system - dominant

      Annotations:

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