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Topic: |
Business
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Number of pages / Number of words: |
5 / 1278 |
Essay's paper body
There is no government intervention in the regulation of costs, supply and demand. On the other hand, in a state economy all the goods and services that a country produces are essentially controlled by the government.
The fact that a state economy would stifle growth is no surprise. Capitalism and a market economy encourage private growth and entrepreneurship...
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Capitalism and a market economy encourage private growth and entrepreneurship. Business owners have their future in their own hands, and are free to make as much money as they possibly can within the scope of the law. In a state economy the government is run with a collectivist ideology, and allocates goods and services in a manor that will be for the good of the society...
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General points of the essay
GOVERNMENT INTERVENTION IN THE MARKET PLACE
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