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Former and current socialist countries like china

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Former and current Socialist countries like China, Vietnam, Poland, Estonia, Slovakia and Albania all experienced strong economic growth (by GDP) within 20-30 years as they transitioned to a market economy (i.e., Capitalism).

Explain at least 5 major features of Capitalism by contrasting them with the Socialist system. Complement your explanation with examples from one or some of the above mentioned countries. About 500-600 words

Reference no: EM133181943

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