Liberal economic system "free fight liberalism"

                              Liberal economic system "free fight liberalism"

 Liberal Economic System "free fight liberalism" is the economic system described by Adam Smith that it is concerned with "individual freedom" which means giving the freedom of individuals to engage in economic activities without the restrictions that will be in demand in order to produce something that would benefit both countries . Countries that adopt this system are the United States, Uruguay, Parguay, Brazil and Argentina.

Liberal economic system / capitalist market economy system is also called the economic system in which the management of the economy governed by market forces. This economic system requires the existence of individual freedom in economic activity. That is, each individual recognized and they are free to compete. On the other hand, the government should not interfere in economic activity. The government is only in charge of protecting, maintaining, and providing facilities for each individual to be able to run it and freedoms as well as possible. Thus, the government functioning only as a complement.
 The characteristics of a liberal economic system:a) All sources of production are state ownedb) People are free to have sources of productionc) the production of high-quality goodsd) Incurred competition between communities in search of profit.e) Implement a system of free competitionf) The recognition of individual rightsg) consumer sovereignty and freedom in consumptionh) The motive for profit focused on their own interestsi) The role of capital is essentialj) The government's role is limited
 The goodness of the liberal economic system:a) Can foster community initiatives and ideas to organize economic activityb) Each individual has a free resource productionc) Arising spirit of competition to advance in economic activity in every communityd) Produce high-quality goodse) Everyone shall be free to determine their own economicf) Everyone is free to have their own means of productiong) Economic activity faster progress because of competitionh) Production based society Kehan
 The ugliness of the liberal economic system:a) Non-ang unhealthy competition among communitiesb) There is a gap between the rich and the poorc) Lots going public monopolyd) Equity income is difficult due to the free competition that is not healthy.e) Potential suppression of human laif) Employers who will semkin marginalized small capitalg) Can create a gap between the rich and the poor