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Permany is a nation with an economic system that closely approximates pure capitalism.While Permany's economy is likely to generate a great deal of wealth,it may do a poor job of providing an acceptable level of income for the elderly or disabled.
Market Power
The ability of a company to manipulate price by controlling supply or dominating the market.
Nineteenth Century
The period from January 1, 1801, through December 31, 1900, marked by significant industrial, cultural, and political changes worldwide.
Oligopoly
A market structure characterized by a small number of large firms that dominate the market, often leading to limited competition.
Railroads
Transportation systems consisting of tracks on which trains travel to carry goods and passengers over long distances.
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