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Essay

The market

Essay specific features

 

Issue:

Business

 

Written by:

Jessica S

 

Date added:

December 25, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1217

 

Was viewed:

6043 times

 

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Essay content:

In the political world, the fulcrum is on the ownership of capital surplus and production. In the context of political economy, capitalism takes on a very broad meaning: the focus of the state on the maintaining and creating of capital and the means of its utilization. Many paradigms use the word in a much narrower context to mean private ownership and the self-justifying results of market operation, and deny that any other use of the word is appropriate...
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Many paradigms use the word in a much narrower context to mean private ownership and the self-justifying results of market operation, and deny that any other use of the word is appropriate. However, the vast majority of governing and major opposition parties in the industrialized world see the maintaining of capital capability as an area for legitimate state interest, and therefore maintain that government intervention in the market to prevent its disintegration, and even to promote certain aspects of its advancement is a proper use of state power...
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