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Essay

capitalism and socialism

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Issue:

Business

 

Written by:

Vivian B

 

Date added:

July 24, 2016

 

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Grade:

A

 

No of pages / words:

2 / 446

 

Was viewed:

9934 times

 

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Essay content:

It has some of it's origin in the working class movement in the 19th century. Karl Marx started the Socialist Movement, so most could say that he started Socialism. Capitalism, by definition, is an economic system in which the means of production are mostly privately owned, and capital is invested in the production, distribution and other trade of goods and services, for profit in a competitive free market...
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This is a little wordy, but Capitalism is basically a system in which private individuals own the means of production, which includes labor, natural resources, and capital. America uses this system, and so do many other countries. Socialism by definition is a system in which property and the distribution of wealth are subject to social control...
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