Describe concepts of limited government and the rule of law

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1. Understand the benefits of Judeo-Christian ethics, mutual trust, and voluntary cooperation in a free society.

2. Explain why property rights secure individual liberty, encourage mutually beneficial cooperation, and promote the wise stewardship of scarce resources.

3. Describe the concepts of limited government and the rule of law, and explain how these institutions function in a free society.

4. Explain how the founders of the United States understood the concept of individual liberty and how it might be secured for future generations.

5. Distinguish between different theories of human nature and describe their implications for social, political and economic institutions.

6. Trace the historical development of the case for a free enterprise system and identify some of the key arguments made by its leading proponents and critics.

7. Distinguish between the centralized (planning) and decentralized (market) theories of economic development and use historical examples to illustrate the merits of each.

8. Explain the nature and contribution of entrepreneurship and competition in a free market.

9. Describe the personality, character and skills necessary for individual success in competitive business and enterprise.

Reference no: EM132179083

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