1. Contrast between Capitalism and Communism
Capitalism is an economic system in which private individuals and business firms carry on the production and exchange of goods and services through a complex network of prices and markets (Galbraith p.1). ... From Europe, and especially from England, capitalism spread throughout the world, largely unchallenged as the dominant economic and social system until World War I brought in modern communism (or Marxism) as a savage and hostile government. ...
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