Intro To Business

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the specific market, as well as growth in the overall economy. The fourth and final idea is that the government should not be involved in the economy. Smith felt that the government should be limited to providing defense against foreign countries, while allowing it's citizens to control the economy. He did state that the government should make the rules, and decide if and when those rules are broken.
Karl Marx could be considered completely opposite of Smith. Known as the father of communism, Marx felt that a society whose economy was under complete government control would be the most prosperous. Communism was built around the belief of a classless society where the citizens collectivly owned all resources. Workers would produce to the best of their ability and were paid upon their specific needs.
In reality, today's communist societies contrast Marx's basic ideas and concepts. The government tends to place it's needs before the needs of it's citizens. As a result, ...

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