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27 sats
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@Undisciplined
19 Jun
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on: Americans still believe in the Founding—and want schools to teach capitalism
Education
econ
The differences are subtle (and probably not even widely agreed upon):
Capitalism is the ideology that private property owners are the ones who should make decisions about how resources are used and distibuted
Free enterprise is the name of the economic system where people are allowed to run their businesses without state interference
Free market is the name of the institution (i.e. the set of rules/incentives) that exists when capitalism or free enterprise are being practiced.
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60 sats
The differences are subtle (and probably not even widely agreed upon):