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The placement of capitalism and collectivism on the economic spectrum can be traced back to the 19th century, particularly during the Industrial Revolution. This period saw the rise of capitalist economies characterized by private ownership and free markets, contrasting with emerging collectivist ideologies advocating for shared ownership and state control, such as socialism and communism. The debates around these economic systems intensified in the late 19th and early 20th centuries, shaping modern economic thought.

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4d ago

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