Capitalism is a complex, adaptive system of overlapping economic agents that operates on the basis of competition and a free market that responds to the movement of supply and demand.

Question

Quizplus · Accepted Answer

The authors note that capitalism started centuries before the Protestant Reformation with the Roman Catholic Church, which helped provide a moral and rational guidance for its all the merchants and consumers across Europe, with legal traditions referred to as canon law guiding the courts.

Capitalism Is a Complex, Adaptive System of Overlapping Economic Agents