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Issue:

English

 

Written by:

Catherine S

 

Date added:

October 28, 2014

 

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Grade:

A

 

No of pages / words:

5 / 1287

 

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However, after a long conflict period, today both systems are not considered to be 100 % efficient economic models. When countries that were based on the classic economic theory realized their economies cannot function without the government, they incorporated the Keynesian? economic model into their economic systems...
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On the other hand, when countries that were based on Marxist economic model realized their economies cannot function efficiently without private capital, they also incorporated the Keynesian economic model into their economic systems. In this study, first I will compare the classic economic theory and the Marxist economic theory, and explain why they are not fully preferred in today’s global economy...
displayed 300 characters

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