Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Karl Marx |
➔ Pessimistic and revolutionary ➔ Believed once the capitalist has set up the means of production all value is created by the work put in to create the goods ➔Pro socialism and capitalism |
|
|
Adam Smith |
➔Developed the term “invisible hand” ➔Saw harmony and growth in the economy ➔Founder of free market capitalism ➔Believed humans would strive towards increased productivity |
|
|
Invisible Hand |
Individual's action in their own self interest, manage to produce and purchase thegoods and services that society requires |
