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Which economic system says government should control all land and wealth and that government should be in the hands of just one political party?
Capitalism
Why was the communist system created by Lenin and Stalin seen as a rejection of Western capitalism?
Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.
Who was for capitalism?
capitalism was expressed in Adam Smith's Wealth of Nations (1776)
What country belongs to capitalism?
Capitalism is an economic system in which the means of producing wealth are privately owned and controlled. Great Britain is a Capitalist State, it does not get involved in the business of the civilians.
What is classical capitalism?
Classical capitalism is defined by the book "The Wealth Of Nations" by Adam Smith.
What economic system says government should control all land and wealth and that government should be in the hands of just one political party?
This is a version of Communism where the Party is the only legal political unit.communism- nova net
What did Adam smith invent?
Adam Smith revolutionized economics by introducing capitalism and analyzing how it would function as a system.
How does capitalism detriment social justice?
Social justice promotes equal opportunity for all. Capitalism is a system run by money and achivement of personal gains. So in some respects, capitalism is a system where the rich get richer and poor get poorer, and the poor have almost no way to climb out of poverty. Capitalism can be viewed as a discrimination based on wealth, and thus counters the idea of social justice.
The free-market system of capitalism was defended in the book The Wealth of Nations by whom?
Adam Smith wrote the book called the wealth of nations
Why capitalsm and wealth?
Because of the free market economy that it may have. However, your question is a bit biased because someone supporting communist economies may say that that system carries wealth and not just capitalism. The two systems have been 'fighting' each other for many years and each time a system (like in a credit crunch) demands that it has the best possibilities for the people of making use of it. So some say capitalism and wealth and other say communism and wealth because each time a system proves itself.
Capitalism is another term for a what economic system?
Capitalism is an economic system where goods and services are produced for sale at a profit; the vast majority have to work for wages; a tiny minority own the means of production and exploit those who produce the wealth.
Who described capitalism in his book The Wealth of Nations?
Adam Smith
