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The Rise Of Capitalism And Its Opposition
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Developments in the 18th century paved the way for the emergence of modern capitalism. Among these developments was the thought of British philosopher, Adam Smith. Smith tried to show the existence of an economic order that would function most efficiently if the state played a limited role. He saw in the division of labor and the extens .... Middle of paper
.... of economic systems arose as a response to capitalism. These systems included Marxist-based Communism and the Nazi system in Germany, also known as National Socialism. Nevertheless, in the search for an economic solution, capitalist systems demonstrated a remarkable ability to survive.
Capitalism is an economic system in which the means of production and distribution are privately owned and operated for profit (Webster's pp.92). Though the te ....
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Number of words: 1892
Number of pages: 7 (approx. 250 words per double-spaced page)
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