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.  

can you post options so i can ?

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.