Economic Freedom Economic Freedom is the freedom to ______ or _________ whatever you want from/to whomever you like. It is free of government intervention, a free market Canada can be considered a ___________ _________-a state which is capitalist but the government uses policies to ensure economic stability Self-Interest and Competition When people act in their own self-interest they are in competition with others which benefits all in the society (supply and demand). Adam Smith saw self-interest as an “___________ __________” that guides individuals to contribute for the good of everyone. However, in some cases the rich get richer and the poor stay poor
Economic Freedom Economic Freedom is the freedom to ______ or _________ whatever you want from/to whomever you like. It is free of government intervention, a free market Canada can be considered a ___________ _________-a state which is capitalist but the government uses policies to ensure economic stability Self-Interest and Competition When people act in their own self-interest they are in competition with others which benefits all in the society (supply and demand). Adam Smith saw self-interest as an “___________ __________” that guides individuals to contribute for the good of everyone. However, in some cases the rich get richer and the poor stay poor
30-2_ch_2-3_questions_and_notes.docx