Image Source: http://iconbronze.com/Booker%20T%20Washington%20Bronze%20Statue%20Monument.htm. One of the foremost leaders of the African-American community, Booker T. Washington was a great educator and orator who founded the Tuskegee Normal and Industrial Institute in Alabama, now known as the Tuskegee University.
Private property. In a capitalist economy, people have rights to the fruit of their labor and whatever other property they acquire through legal means. Property includes a person's life (we own our own bodies) and liberty as well as physical possessions. Alienable property--possessions--can be sold or leased to others.
An economic system in which the government owns and operates basic industries but individuals own most businesses Most socialist countries are democratic and recognize individual freedoms The socialist system may allow a higher standard of living and is more stable; but taxes and unemployment are generally higher in socialist countries capitalism/free enterprise An economic system in which individuals own and operate the majority of businesses that provide goods and services Pure capitalism or free-market system happens when all economic decisions are made without government intervention; also called laissez-faire capitalism