The Economic System
Critical Conditions of Capitalism:
Private ownership
Pursuit of profit
Competition
Laissez-faire
Capitalism
Monopoly
Early capitalism worked because of:
Oligopoly
Corporate Size
Transportation, Communication, and Utilities
Banks
Foreign Competition
Rise of the Multinational
Economic Change
Email: felwell@rsu.edu
Home Page: http://www.rsu.edu/faculty/felwell/index.htm
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