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Essay

Communisn vs. Capitalism

Essay specific features

 

Issue:

Social Issues

 

Written by:

William L

 

Date added:

December 21, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 289

 

Was viewed:

9292 times

 

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Essay content:

Capitalism is an internally stable economic system, in that it is consistent with human behavior. People understand that there is no such thing as a free lunch. You have to work to survive, and only the lucky who manage to prosper within the system make it to the top. Capitalism is also externally stable, in that survival in a capitalistic system requires innovation and flexibility to keep up with the changes in supply and demand...
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Competition within the system also provides for many advantages. But sometimes under a capitalistic system, those in power tend to construct rules that limit diversity and competition, thereby weakening the flexibility and strength of the system as a whole. There are also many imbalances in opportunity, which may disrupt the proper flow of the system...
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