2.1 economically liberal (Free Economy), or capitalism (Capitalism) is an economy where private ownership of the means of production. Freedom of economic activities fully. The government will not get involved or interfere in economic activity. The state serves to facilitate and build infrastructure. So private, so it is judged based on various economic problems. Using market prices or help in deciding what to produce, how to produce what determines the price that the consumer how much or how many manufacturers at prices that profit is the motive of production. To make this economy a competitive price is very high and is free. This is because prices are determined by market supply and demand of England was the first to use this system. It has an impressive portfolio of business and industry before. British public also had a long career in business by using resources both in and outside the country have colonies around the world. And the economic system in this way, individual freedom, the absolute right to hold private property. The freedom to choose the consumption decisions to solve the basic economic problems. The system will be made through competitive markets. The market price is a measure of the needs of the key principles of a liberal economy. In liberal principles that can be summarized as follows. (Arts Sukhothai Thammathirat University 2538: 57) 1) The acquisition of the resource. Liberal economic system Or capitalist ownership is refusing to accept the business unit or private property ownership and inputs. Ownership of these agents have the right to freedom of action. With their agents or 2) freedom of assembly. Both individual and group party organization or business unit. Have full freedom to any operator. To continue with the inputs and their property freely. Without control of all things 3) a profit motive. In a free economy Profit, which is part of the increase came from investments is important in attracting business unit manufacturer to manufacturer. Aims to bring new techniques To help reduce production costs used in the operation. In order to gain maximum profits The selection criteria will be based on consumer consumption for products and services that will bring satisfaction. With pay as little as possible By comparing their needs from among the various product types 4) of the price mechanism at the prices in a liberalized economic system determines the fundamental problems in the production of the manufacturer decided to produce anything. How many The trend needs to pay for the product types. And the price that consumers are willing to pay to buy. If consumers want the product any more, it will use the money to buy more goods. Although prices are high, they will buy. When a grove that manufacturers will invest capacity. Product type It sure did indeed sell To see the price trends and consumer behavior itself determines that producers use the information in deciding whether to produce anything. In quantity The price in the free economic system thus acts indication and control functions within the economy said. Acting Consumer prices Pointing the way for manufacturers to produce products that consumers want 5) the role of the liberal economic system. The state has no role in the economy. The mere act of justice and defense. The government would provide services and facilities to the private sector or the production of goods and services, such as Adam Smith has defined and put some duties to the state. The defense from aggression by force. Whether any format Both within and outside the country to protect US citizens have been an injustice. Or persecution by the action of citizens themselves to build infrastructure. To facilitate the public benefit of the capitalist economic system are as follows: motivation to work. I do already have their own vested . Because individual producers must compete with each other for goods and services as much as possible. To improve production techniques always made the quality of work and quality of products improved . Manufacturers have the freedom to decide what to produce, what to produce and how much production . Consumers have the opportunity to consume goods and services. In the most unfair disadvantages of the capitalist economic system. There are several drawbacks, namely make public the income distribution inequality. Because individuals with wealth inequality in society. Individuals with substantial assets will have an advantage over the person who has property because the property is defined revenue sources. People with substantial assets would seek more revenue from their property. The opportunity to create a disparity of income of individuals in society so much. If someone with substantial assets, known as the "capitalists" are individuals who lack ethics. Chance capitalist exploiting others because they are often unethical and regardless of their economic and profit, but it will result in a significant pressures and.
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