July 2014
Beginner
384 pages
8h 39m
English
CHAPTER18
The Business Cycle
In This Chapter
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The rise of capitalism, characterized by private ownership of the means of production and the market economy, has generated long-term growth. Technology, improved productivity, entrepreneurialism, and the profit motive have been the drivers of economic progress over the past few centuries. Populations expanded as a result of technological improvements in agriculture and with inventions that enabled one ...