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Competition is a feature of
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
The economic system in which government involvement is most limited is
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
How does capitalism promote efficiency?
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
Who is the founder of modern socialism?
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
All of the following describe supply and demand EXCEPT
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
Socialism seems attractive to developing nations because
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
Who is the founder of capitalist theory?
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
A form of socialism based on the writings of Marx and Engels that predominated in the former Soviet Union and Eastern Europe at one time and predominates in China and Cuba is
capitalism
through competition
communism
Adam Smith
it promises to raise the standard of living for masses of poor people.
Karl Marx
capitalism
when demand decreases, prices rise
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