US EditionCapitalism and the size of government - Elizabethton Star
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Capitalism and the size of government - Elizabethton Star
To the Editor: There seems to be a common misconception that there is just one form of capitalism. But there are many forms of capitalism. Capitalism is an economic system in which the price of products is determined in the marketplace by the balance of supply and demand, with a goal of maximizing profit. The government sets the rules for this system through laws on property ownership and laws on the costs that manufacturers (or service provider…
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