FOUNDATIONS OF BUSINESS
FOUNDATIONS OF BUSINESS
6th Edition
ISBN: 9780357685594
Author: Pride
Publisher: CENGAGE L
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Chapter 1.3C, Problem 4CC
Summary Introduction

To determine: The reasons on capitalism differ from socialism and communism.

Introduction: Communism is a social organization system, which spotlights on public possession and removing division dissimilarity. Socialism is a conjecture of social organization where there is communal or supportive possession of the way of manufacturing. Capitalism is an economic and political system in which a country's industry and trade are controlled by private entrepreneurs for profit, rather than by the state.

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