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Why should a hypothesis contain a positive statement?
Karl Marx
A 19th-century philosopher, economist, and socialist who analyzed the effects of capitalism and proposed a revolutionary class struggle leading to a society with no class distinctions.
Public Ownership
Ownership of assets by the government or a government entity, rather than by private individuals or organizations.
Laissez-faire
An economic system in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, and tariffs.
Capitalist Economy
An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.
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