How does capitalism change over time
Problem
How does capitalism change over time? Name at least three key shifts in the concept of capitalism, and discuss why they were important. Why do you think we have used the same word for such different phenomena?
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Describe the characteristics of a perfectly competitive market compared to a monopoly. How are the markets similar? How are they different?
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How does capitalism change over time? Name at least three key shifts in the concept of capitalism, and discuss why they were important.
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