There are many ways that countries are run. Obviously, most are run by officials--but what kind of system do they govern by? Some of the most important systems used today are capitalism, socialism, and communism. Capitalism is an economic system in which the means of production are privately owned. Business organizations produce goods for a market guided by the forces of supply and demand. Capitalism requires a financial system that enables business firms to borrow …
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showed last 75 words of 727 total
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