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Capitalism

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Miscellaneous

 

Written by:

Joshua R

 

Date added:

August 24, 2015

 

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A

 

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3 / 730

 

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The English vocabulary is more extensive than that of any other language in the world, although some other languages, such as Chinese, have a word-building capacity equal to that of English. Therefore, extensive, constant borrowing from every major language, especially from Latin, Greek, French, and the Scandinavian languages, and from numerous minor languages, accounts for the great number of words in the English vocabulary...
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According to The Oxford English Dictionary, capitalism is defined as “the condition of possessing capital; the position of a capitalist; a system which favors the existence of capitalists.”(OED, 94). A much better definition comes from Webster’s Ninth New Collegiate Dictionary. It explains capitalism as “an economic system characterized by corporate ownership of capital goods, by investments that are determined by private decision rather than by state control, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market...
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