Which economic system is based on the free exchange between buyers and sellers?

Which economic system is based on the free exchange between buyers and sellers? The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers. What is the voluntary exchange of goods […]

How was Spartacus killed?

How was Spartacus killed? In 71 B.C., General Marcus Licinius Crassus defeated the rebel army at Lucania, about 56 kilometers (35 miles) southeast of Naples. Spartacus was believed to have died in this battle. Around 6,000 men survived the battle but were later captured and crucified by the Roman army. What really happened to Spartacus? […]

Who owns PayPal and eBay?

Who owns PayPal and eBay? It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015, eBay spun off PayPal to eBay’s shareholders and PayPal became an independent company again….PayPal. Founded December 1998 (as Confinity) October 1999 (as X.com) Founder Ken Howery Luke Nosek Max Levchin Peter Thiel Yu […]

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