fill in the blanks the ideology of competition in capitalism is
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irrelevant I guess
or it might also be
beneficial or necessity
;)
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Modern economies in much of Western society today are organized under the banner of capitalism. Some of the most important aspects of a capitalist system are private property, private control of the factors of production, accumulation of capital, and competition.
Put simply, a capitalist system is controlled by market forces, while a communist system is controlled by the government. Here we go over some of these main factors that describe a capitalist economy.
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