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Step 93 of 103

Economic Ideologies

  1. State Adam Smith's central economic argument.

  2. Define laissez-faire.

  3. Identify Karl Marx and his major works.

  4. Define bourgeoisie and proletariat in Marxist terms.

  5. Define surplus value.

  6. Distinguish capitalism, socialism, and communism on three points.

  7. Identify Robert Owen and his contribution.

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