1.
-Free enterprise: System in which economic forces work autmatically and naturally, without merchantilist laws and regulations.
-Laisez-faire: Belief that government should not interfere with operations of businesses.
-Humanitarians: People who work to improve the conditions of others.
-Utilitarianism: Belief that a law was useful if it led to “the greatest happiness of the greatest number” of people.
-Strike: Refusal of workers to work until thei demands are met.
-Unions: Associations of workers that combine forces and demand of different workers.
-Collective bargaining: Process of negotiation between management and union representatives.
2.
-Adam Smith: Scottish economist that wrote a book called Inquiry into the Nature and Causes of the Wealth of Nations, which was published in 1776.
-Thomas Malthus: Wrote book called An essay on the Principle of Population, which was published in 1798.
-David Ricardo: British economist that wrote a book called Principles of Political Economy and Taxation, which was published in 1817.
-Charles Dickens: English writer that used his novels to attack greedy employrs.
-Jeremy Bentham: A philosopher that came up with the theory of utilitarianism.
-John Stuart Mill: English philosopher that believed that a government shoudl work for the good of all its citizens.
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