Monday, December 10, 2012
Wednesday, December 5, 2012
12/5/12
Today in class we defined Capitalism, Communism, Free Enterprise, and Free Market. Capitalism is an economic
and political individualism’s basic
premise is that the pursuit of self-interest and the right to own private
property are morally defensible and legally legitimate. By private or corporate
ownership. Communsim is where there are no classes and the govrnment controls the businesses and in its true form there are no poor people or rich people. Free market is
an economic system,
in which prices are restricted between privately owned businesses
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