Free Enterprise

GPTKB entity

Statements (30)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs capitalism
free market economy
gptkbp:characterizedBy gptkb:football
private ownership
voluntary exchange
limited government intervention
gptkbp:contrastsWith communism
socialism
planned economy
command economy
gptkbp:criticizedFor income inequality
environmental degradation
market failures
gptkbp:emphasizes individual freedom
profit motive
https://www.w3.org/2000/01/rdf-schema#label Free Enterprise
gptkbp:influencedBy gptkb:Adam_Smith
gptkb:The_Wealth_of_Nations
gptkbp:originatedIn 18th century
gptkbp:practicedIn gptkb:United_Kingdom
gptkb:United_States
many Western countries
gptkbp:regulates consumer protection laws
environmental regulations
antitrust laws
gptkbp:supports entrepreneurship
innovation
gptkbp:bfsParent gptkb:Eric_McCormack
gptkbp:bfsLayer 5