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ID number:466674
Evaluation:
Published: 09.10.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Throughout history there have been two basic forms of social organization: collectivism and individualism. The collectivism has taken many forms: socialism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism. In the simplest terms, capitalism can be defined as the condition of possessing capital -- the original funds or principal of an individual, company, or corporation, which provide the basis for financial and economic operations. …

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