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Intro To Business
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Capitalism is based upon the ideas of the economist John Smith. Smith wrote in his book, The Wealth of Nations, about an economy free of government intervention. Each citizen can pursue his own best interest within the economy. Inturn, the society would benefit without government becoming involv ....
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....nism, Marx felt that a society whose economy was under complete government control would be the most prosperous. Communism was built around the belief of a classless society where the citizens collectivly owned all resources. Workers would produce to the best of their ability and were paid upon their specific needs.
In reality, today's communist societies contrast Marx's basic ideas and concepts. The government tends to place it's needs before the needs of it's citizens. As a result, short.... |
| Number of words: 506 |
Approximate pages: 2 |
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