-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'
-an economic system in which people are driven to produce goods and serrvices for a profit
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
Laws Of Supply And Demand
-the natural relationship between what people 'want' and what people 'need'
-and what is provided to meet these requirments
'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
-an economy which has both public and private industries
-the equation of personal happiness with consumption
-and the purchase of material possesions
-companies owned by individuals and groups
-but not the state
-diversity of views
-stands in opposition to a single method of approach or method of interpretation