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Unformatted text preview: gain a larger share of the market. In this system, the marketwhat people buy and the laws of supply and demanddictates what companies make, and how much of it they make. Workers are motivated to work harder so they can afford more of the products they want. Supporters of a capitalist system point to the higher production, greater wealth, and higher standard of living displayed by capitalist countries such as the United States. Critics, however, charge that while the standard of living may be higher, greater social inequity remains. They also denounce greed, exploitation, and high concentration of wealth and power held by a few....
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This note was uploaded on 11/21/2011 for the course SOCI 101 taught by Professor Staff during the Fall '09 term at Texas State.
- Fall '09