Friday, December 9, 2022

11.7 Contrast capitalism and socialism:

 World Economic Systems

 11.7 Contrast capitalism and socialism: their components, ideologies, criticisms, and convergence. 

Now that we have sketched the major historical changes in world economic systems and their means of exchange, let’s compare capitalism and socialism, the two main economic systems in force today. This will help us to understand where the United States stands in the world economic order.

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