Future of Modernization

Essay specific features

 

Issue:

Social Issues

 

Written by:

Ginger J

 

Date added:

November 2, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1179

 

Was viewed:

5964 times

 

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Essay content:

Capital was necessary to build factories, purchase machines, secure raw materials, and pay workers; this all occurred before any goods were sold. Consequently the capitalist, who risked money by investing in a business, controlled the entire process of production. This economic system, based on private capital, was known as capitalism...
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This economic system, based on private capital, was known as capitalism. Capital provides the means of production and the managerial skills; labor provides the work; government provides law and order and protects the people against economic abuses. The individual entrepreneur and the partnership exist chiefly in farming, the professions, small retail shops, and services of today...
displayed 300 characters

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