A2 Commmunication And Culture Revision Cards Revision Cards for key concepts. 3.0 / 5 based on 2 ratings ? Communication and CultureA2/A-levelAll boards Created by: Joe WhitlockCreated on: 23-04-12 09:40 Market Liberalism -broadly supportive of 'the way things are' -tends to assert the economic, poltiical, cultural and social benefits of capitalism -freedom best provided and preserved by 'markets' 1 of 9 Capitalism -an economic system in which people are driven to produce goods and serrvices for a profit 2 of 9 The Free Market -essentially the freedom of trade -only regulated by the laws of 'supply and demand' -whilst competition within the structure ensures quality and price are kept under control 3 of 9 Laws Of Supply And Demand -the natural relationship between what people 'want' and what people 'need' -and what is provided to meet these requirments 4 of 9 'Laissez faire capitalism' -'laissez faire' means 'leave it alone' -suggesting the markets need to be left only regulated by its internal laws such as supply and demand 5 of 9 Mixed Economy -an economy which has both public and private industries 6 of 9 Consumerism -the equation of personal happiness with consumption -and the purchase of material possesions 7 of 9 Private Enterprise -companies owned by individuals and groups -but not the state 8 of 9 Pluralism -diversity of views -stands in opposition to a single method of approach or method of interpretation 9 of 9
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