Adam Smith Progress result when individuals follow their own self-interest Businesses follow their own self-interest when they compete with one another.

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Presentation transcript:

Adam Smith Progress result when individuals follow their own self-interest Businesses follow their own self-interest when they compete with one another for the consumer’s money Government should not interfere in the economy Market Economy aims to produce the best products and the lowest price.

Karl Marx The Thinker For Communism He believed that Capitalism was corrupted He was the author of The Book The Communist Manifesto. He Studied philosophy At The University Of Berlin He Believed That Workers Were Exploited By Employers