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Why does a modern capitalist economic system require the existence of markets?
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- Is capitalism associated more with a market or command economy? Why would capitalism be able to do "millions of things better" than a centrally planned economy? What things do you think a capitalist society would be more successful at than a centrally planed society?Which Characteristics of economy system are the most important to a capitalist economy?What are the advantages of capitalist economy
- In a Capitalistic economy, due to the "mixed market" and economic freedoms that are a part of this system, is there a greater gap between the rich and the poor?Briefly list and explain each of the eight main shortcomings of the capitalist, free-market capitalist system.In capitalist economy, does it project a fair price for the consumer?
- What are the main differences between a capitalist (market-based) and socialist (command) economic system?What thing is considered as an integral part of the capitalistic economy? One wordThe YouTube video "Why Capitalism Works" seems to provide a compelling case for why capitalism is beloved by many Americans. Yet from a Marxian perspective, the video fails to address a flawed aspect of the capitalist enterprise. What does the video intentionally(?) hide and briefly explain why a Marxist would find the capitalist economic model problematic? What basic solution would it offer to enhance the quality of workers' lives?
