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Intro To Business
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Capitalism is based upon the ideas of the economist John Smith. Smith wrote in his book, The Wealth of Nations, about an economy free of government intervention. Each citizen can pursue his own best interest within the economy. Inturn, the society would benefit without government becoming involved. The French term laissez faire, mean .... Middle of paper
.... the specific market, as well as growth in the overall economy. The fourth and final idea is that the government should not be involved in the economy. Smith felt that the government should be limited to providing defense against foreign countries, while allowing it's citizens to control the economy. He did state that the government should make the rules, and decide if and when those rules are broken.
Karl Marx could be considered completel ....
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Number of words: 506
Number of pages: 2 (approx. 250 words per double-spaced page)
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