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  • The essay is about the pros and cons of various economic systems and the governments influence within them. The title can be stated as: To what extent should the government regulate the economy ?

     

    Essays2 Economics

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ID number:403110
Evaluation:
Published: 09.12.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

In a public enterprise economy, the government has the power to nationalize any or all industries which can lead to devastating consequences. One the countries famous for doing this was the Soviet Union. Joseph Stalin, the then dictator of the Soviet Union instituted two domestic policies that would eliminate any capitalism in Russia. He would institute rapid industrialization and the collectivization of agriculture.This would be known as the Five Year Plan. Stalin wanted to change all private owned farms into state owned farms as he thought this would improve agricultural productivity. Th…

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