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Why does a modern capitalist economic system require the existence of markets?
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- Is capitalism associated more with a market or command economy? Why would capitalism be able to do "millions of things better" than a centrally planned economy? What things do you think a capitalist society would be more successful at than a centrally planed society?Why is Private Property and Competition are the most important to a capitalist economy?Which Characteristics of economy system are the most important to a capitalist economy?
- What are the disadvantages of free Enterprise capitalist economyWhy is private property and competition are the most important to a capitalist economy? Support your answer.In a Capitalistic economy, due to the "mixed market" and economic freedoms that are a part of this system, is there a greater gap between the rich and the poor?
- Karl Marx envisioned a perfect society that would be based on a smoothly running capitalist system true or false?Which of the following is an advantage of capitalist economy? a. Maximization of welfare b. Absence of monopoly c. Limited government control d. Equal opportunityHow do a capitalist economic system influence safety and health