PHILO 101

Four Factors of Capitalism

The most famous early socialist thinkers were

It is a trend of thought in political philosophy, it has to do both with how people are treated and with distributed justice.

It favors equality of some sort: People should get the same, or be treated the same or be treated as equals, in some respect.

Is an economic system where private entities own the factors of production. Also called free market economy or free enterprise economy

It is the idea that equality is possible by a redistribution of resources

Is the supreme power of a sovereign state through its law-making body, to impose burdens or charges upon persons, property or property rights for public purpose.

This was developed in opposition to the excesses and abuses to liberal individualism

Is where the participants of a society are of equal standing and have equal access to all the economic resources

Is the position that equality is central to justice, that all individuals are entitled to equal respect, and all human persons are equal in fundamental worth or moral status.