Integrative approach to the benefits of a capitalist economy in the rising tide of socialist policies

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Integrative approach to the benefits of a capitalist economy in the rising tide of socialist policies

Category: Business

Subcategory: Economics

Level: University

Pages: 10

Words: 2750

Integrative approach to the benefits of a capitalist economy in the rising tide of socialist policies AbstractIn various economic platforms, they have been an endless debate on whether society should fully operate on a capitalistic perspective or under socialism. In either case, advocates of both socialism and capitalism have had their say and facts that back up their arguments. A capitalist society is one where the market is independent, and the government does not interfere with goods and services. On the other hand, a socialist economy is one that depends on government policies to control prices and determine the outcome of many decisions. From the time capitalism was invented, it has led to various developments as a result of competition that is existing in its nature and various profits that are made by large corporations. Capitalism is the main reason why various societies have succeeded regarding technology and rapid development. Despite all this, there have been challenges at times that have been raised by the supporters of socialism. However, capitalism has proven to be the basis of operation in the economy of the United States and other developed countries. This paper will look at an integrative approach to the benefits of a capitalist society despite the rising tides of socialist policies. This work has been written to represent an interdisciplinary research project for the integrative approach to the benefits of a capitalist economy in the rising tide of socialist policies and organized through Repko’s…

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