This is a popular target for critics that start by pointing to the economic inequality that a capitalist economy produces. ... The article "Democracy and Market Economy" by professor Seizaburo Sato argues that capitalism is the most dominant economic model globally. For Sato, the advancement and adoption of the "market economy" also leads to the spread of the framework and values that are necessary for it to grow. ...

• Word Count: 1285
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

"Grave distortions in pricing, procurement, and state control over certain industries and commodities in conflict with the private market created a "goods famine."" ... Centralized state control over Soviet market was considered necessary to mutate the economy and make the Soviet Union a strong industrial and military power. Stalin's "wildly escalated targets, menacing exhortations, recurrent crises, makeshift measures, and wasteful imbalances" were somehow effective in producing some desired results. ...

• Word Count: 1534
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

"Grave distortions in pricing, procurement, and state control over certain industries and commodities in conflict with the private market created a "goods famine."" ... Centralized state control over Soviet market was considered necessary to mutate the economy and make the Soviet Union a strong industrial and military power. Stalin's "wildly escalated targets, menacing exhortations, recurrent crises, makeshift measures, and wasteful imbalances" were somehow effective in producing some desired results. ...

• Word Count: 1533
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate