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5 Cards in this Set
- Front
- Back
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Capitalism |
An economic system where the invisible hand of competition drives supply and demand in a free market economy. |
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Liberalism |
Political philosophy which is attuned to the interests of the middle class. Stresses the liberty of the individual, both in relation to the state and in the pursuit of economic self-interest. |
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Utopian socialists |
Socialist philosophers who believed that society could be convinced to gradually shift to a socialist system. |
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Communism |
A system of government in which the state plans and controls the economy and a single authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people. |
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Luddism |
Beliefs held by British workers who, between 1811 and 1816, rioted and destroyed industrial machinery in the belief that the advent of such machinery would diminish employment opportunities. |
