In the passage, the author uses the phrase "franchise
and free agency" to refer to
The single greatest benefit that capitalism provides is that
it enables human choice. Capitalism establishes a social
contract that makes it possible for individuals to exercise
their franchise and free agency. It gives people the ability
to be secure in themselves and their possessions and,
having provided security, it enables people to assume risk
that they were previously unwilling to assume. It creates
the necessary conditions for people to escape poverty and
create wealth for themselves and for others.
- "Teaching the Benefits of Capitalism," |
Roger B. Butters
o the role of government in determining security
the right to decide what economic opportunities to
pursue.
the role of government in helping people escape
poverty.
the right to ignore government laws and
regulations.