1. Social Welfare
... system of capitalism has been both blessed and cursed, capitalism has brought the United States one of the world's highest standards of living. The capitalist believes in three broad principles: 1. Free enterprise People have the right to choose their own work business, or profession, and to conduct it with a minimum of government regulation or interference. 2. Private ownership of the means ... of production. The individual citizen has the right to own and manage farms, factories, mines, railroads, securities, and houses. 3. The profit motive. People are free to enjoy the rewards of the...
- Word Count: 3108
- Approx Pages: 12
- Grade Level: Undergraduate