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Topic: Business
Number of pages / Number of words: 3 / 604
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Production is dependent upon consumer wants and increases/decreases depending upon incentives(profits/losses)

? In the long run capitalism appears to achieve more economic growth. Profits, private property, and freedom of enterprise and choice promote growth.

Transition Process

? With the collapse of communism, the transition economies took a series of economic steps designed to reduce or replace government control with market incentives...


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Production is dependent upon consumer wants and increases/decreases depending upon incentives(profits/losses)

? In the long run capitalism appears to achieve more economic growth. Profits, private property, and freedom of enterprise and choice promote growth.

Transition Process

? With the collapse of communism, the transition economies took a series of economic steps designed to reduce or replace government control with market incentives...


Essay fragment

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