Learn Market Economics🏗️🏭⚖️🚛🚜⛽👨🔧
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Bring back the sectors socialism destroyed- Production👨🔧, Manufacturing🏭, Agriculture🚜, Mining⛏️, Engineering🛠, Infrastructure🏗, Inventing💡& Exporting🚢
Actions and principles to return Britain to a free market economic system. A list of actions a government should take to reintroduce our original free market capitalist economic system. These policies aim to reduce central government intervention, empower individuals, families,…
Wealth comes from creating value Where does wealth come from? 👀🎥⏬️
The Four Factors of Production Land🌆🌄🏔️ Capital🪙💰💷💵🛠️🚜🚛 Labour👨💼👨🌾🧑🏭👩🔧👩🍳 Entrepreneur💡🔑👨💻🚵♂️🏊♀️
Principles and actions to restore Britain’s free market economy: Cut Regulations: Keep only essential safety/fraud rules. Lower Taxes: Simple, low-rate tax system. Privatize: Sell state industries back to the market. End Subsidies/Controls: Remove price caps and industry…
The price system works through supply and demand. Producers increase output when prices rise and reduce it when prices fall, while consumers buy more at lower prices and less at higher ones.
The Price System What is the Price System? The price system is the mechanism by which prices, determined by supply and demand, allocate resources, goods, and services in a market economy. In capitalism, prices emerge spontaneously from the decentralized decisions of individuals…
Fundamentals of a Free Market Economy: Private Property Rights: Individuals and businesses own resources, incentivizing efficient use and innovation. Voluntary Exchange: Transactions occur freely between willing parties, unlike command economies. Invisible Hand: Self-interest…
Fundamentals of the Free Market Economy Introductory features and principles of free markets: Private Property Rights Are Fundamental In a market economy, individuals and businesses own resources like land, capital, and their own labour. This real ownership incentivizes…
Characteristics of a Gold Standard. From a British and American perspective, the gold standard was seen as a bedrock of economic order, particularly during Britain's imperial might and America's gilded age. The gold standard established an economic order of discipline,…
Simple Guide to Key Principles of English and American Common Law Common law is a type of legal system that started in England and spread to places like the U.S, Australia, and Hong Kong. It's based on judges' past decisions (called precedents) rather than just written rules.…
Key Principles of the Market Economy. The core principles form the foundation of how free market capitalism operates: Supply and Demand: Prices and production levels are set by the interaction of consumer demand and producer supply, without external controls like price controls…
Summary of Actions to Restore Britain’s Free Market Economy Reduce Regulations: Eliminate burdensome and costly rules for businesses, lowering costs, and boosting competition, production, innovation, and job creation. Abolish central and local government planning laws:…
"Wealth consists in what is produced by and what can be purchased by the people of a country." Adam Smith
Production Cycle of Orange Juice🧃🍹🥤🍊⬇️ ▶️Natural Resource Raw Material Commodity⤵️ Factory Production Processing⤵️ Value Added Sellable Wealth Marketable Good✅️ Orange Juice🧃🍹🍊
Principles of free market capitalism: ➡️Individual Freedom - People have the liberty to make their own economic choices (buy, sell, save, work, invest) without coercion. ➡️Private Property - Individuals and businesses own and control resources, goods, and assets. ➡️Voluntary…
If societies are not producing goods, basic resources, and services, there are going to be no goods, basic resources, and services.
A Capitalist Manifesto: Cut Regulations: Remove costly business rules to boost competition and jobs. Abolish Planning Laws: Eliminate planning regulations. Lower Taxes: Simplify taxes to increase purchasing power. Privatize Enterprises: Sell state industries. End…
Production Cycle of Coffee☕️⏬️ Planting Farming Natural Resource Raw Material⏬️ Harvesting Processing Manufacturing Development⏬️ Finished Good Wealth Value Added Sellable product At each stage of development, the four factors of production are in action.