Why did liberals support a free-market economy? a) they believed in fighting for workers' rights. b) they wanted those who shared cultural heritage to have their own business. c) they saw it as an opportunity for capitalist entrepreneurs to succeed. d) they believed everybody should have a say in how the government should run.

Liberals were in support of a free-market economy as they saw it as an opening for capitalist entrepreneurs to take control over the market and succeed.

The term Economic Liberalism is known as an economic system that was organized on lines of individual thinking that means that the greatest possible number of decisions related to economies which were made bu individuals in place of other organizations or institutions. It also included various policies related to the economy and freedom of movement also came under that. But it was based on strong support which was there for the market economy or private property with regards to means related to production. Some of the economic liberals were also in support of regulations made by the government related to economy but that was to a certain degree as during most of the parts they opposed any intervention by the government in the free market when there is free trade as well as an open competition.  

According to the liberals, the modern version of a free market cannot exist without entrepreneurs and a liberal market society stands against and opposite in the opposition of ethical society and an entrepreneur is the one who stands against the ethical and individual organization.

Learn more:

1.How did congress approach reconstruction after the civil war?

2.During criminal cases, what is guaranteed by the constitution?

Grade – High School

Subject – Economy

Chapter – Economic Liberalism

Keywords –Economic Liberalism, Economy, Decisions, Intervention, Government, Regulation, entrepreneurs, Organization, Ethical, Society.  

one of the major compromises in the constitutional convention was between the small states and big states. the small states wanted each state to have the same number of representatives in congress. the big states wanted representation based on population.

the first historical instance of china engaging in internationalism was during the han dynasty.[1] at the start of the han dynasty, the huns in the north were attacking the frontiers of han and trying to obtain riches. emperor wu of han wanted to gain an alliance with a country called dayuezhi so the two countries could join together and fight against the huns.[2] to obtain this alliance, emperor wu sent zhang qian to the west to establish economic and cultural connections.[2] history records that during the han dynasty there were four primary avenues of contact between china and europe. they included the northern land route, the central land route, the southern sea route, and the far southern sea route.[1] the most famous of these routes is the central land route, or the classical silk road, comprising a network of roads stretching from northwest china to the ports of syria and the black sea, which passed through the oasis of the turkestans and northern persia.[1] the silk road was significant for chinese emperors because it provided dominance over central asia by developing resources and provided new markets for the export of china's most valuable resources.[1]