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Flashcards - Moral Issues in Economic Equality & Poverty

Flashcards - Moral Issues in Economic Equality & Poverty
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American capitalist system
Capitalism is an economic system based on private ownership of the means of production and their operation for profit
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American capitalist system
Capitalism is an economic system based on private ownership of the means of production and their operation for profit
progressive tax rates
A progressive tax is a tax in which the tax rate increases as the taxable amount increases

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