2.1 Economic liberal (Free Economy) or capitalism (Capitalism) is an economic system of private ownership of the means of production. Freedom of economic activity fully. The government does not get involved or interfere in the conduct of economic activity. State serves to facilitate and build infrastructure. So private, so the jury is fundamental economic problems. Using market prices or make decisions that will produce nothing of how the price is determined by how much a consumer or a producer at that price, how much of the profits the motivation of the production. To make this economy the most competitive prices and is free. This is because the price is determined by the supply and demand of the market, the British were the first to use this system. It has an impressive portfolio of business and industry before. British public had a long career in commercial resources, both in and outside of the colonial presence in the region. And the economy in this way, individuals have complete freedom to hold private property. The freedom to choose the consumption decisions to solve economic problems. Is done through market competition. The market price is a measure of the social needs of the key principles of a liberal economy. In a liberal principle can be summarized as follows. (Arts Kasetsart University Open University 2538: 57) 1) the acquisition of resources. Economic system Capitalism or accept a business or private ownership is allowed to own property and the means of production. Ownership of these agents has the right to freedom of action. With their agents or 2) Freedom of assembly. Both individuals and groups of individuals, organizations or businesses. Have full freedom to engage in any action. To continue with the inputs and their property freely. Without total control of anything, 3) profit as an incentive. In a liberal economy Profit, which is the result of the increase of the investment is important in attracting business unit manufacturer to manufacturer. By introducing new techniques To help reduce the cost of production used in the operation. In order to gain maximum profit The selection criteria will be based on consumer goods and services that will bring satisfaction. The minimum payment By comparing their needs from those of the other products 4) the cost of a liberal economic system to determine the underlying problems in the production of the manufacturer decided to produce anything. How many By the demand of the paid purchase products. And see the price that consumers are willing to pay for. If consumer demand for products of any kind, it will use the money to buy that. Although prices are high, it will also be purchased. When a grove that manufacturers will invest capacity. It produces I'm sure over the course How to spot trends and consumer behavior itself is determined by the manufacturer, which is used to decide whether to produce anything. How much Prices in the economy, thus serving to identify and control within an economy that is said. Acting Consumer Price Pointing the way for manufacturers to produce products that consumers want 5) The role of the state of a liberal economic system. The state has no role in the economy. State serves only the justice and defense. The government would provide services and facilities to the private sector or the production of goods and services, such as Adam Smith has defined and put some duties to the state. Thus preventing the country from invasion by force. Whether any form Both inside and outside the protection of citizens not to be prejudice. Or persecution by the actions of the citizens themselves to build infrastructure. To facilitate the public benefits of a capitalist economic system are as follows: motivation to work. I do not have their own vested . Because each manufacturer to compete for goods and services as much as possible. Must improve production techniques is always the quality of work and quality of the product better . Manufacturers are free to decide what to produce, how much to produce and produce what . Consumers have the opportunity to consume goods and services. At most unfair disadvantages of capitalist economies. There are several drawbacks, namely: make public the income distribution inequality. Because there was not a person in different social equality. Individuals with substantial assets would have an advantage because the person whose property is less than the property as a source of income determination. People with substantial assets would seek income from their property as much. Opportunity to create a disparity in incomes of individuals in society is possible. If a person with substantial assets, called "capitalism" is a person who lacks ethics. Opportunity capitalists to exploit others because there is often a lack of ethics and taking into account the economic benefits and profits as a result of the pressures and responsibilities.
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