defination of capitalism and socailism
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Capitalism vs. Socialism: Differences, Advantages/Disadvantages & the 'Underground Economy'
Chapter 11 / Lesson 3 Transcript
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Frank T.
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Tennessee, United States
03/23/2018
You get a one teaching and a related assessment. It is also correlated with my text.
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Lesson Transcript
Instructor: Melissa Hurst
This lesson explores formal and informal economies by discussing the differences between capitalism, socialism, and the underground economy. Key characteristics, advantages, and disadvantages of these economies will be covered.
Formal and Informal Economies
'Economy' is defined