Capitalism Allows Many People to Be Very Wealthy and Small

question 77

True/False

Capitalism allows many people to be very wealthy and small numbers to live in poverty.

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Definitions:

Extortion

The practice of obtaining something, especially money, through force or threats.

Rescind Agreement

To legally cancel or revoke an agreement, usually due to issues such as fraud, mistake, or breach of contract.

Economic Interests

Economic interests refer to the financial stakes or concerns that individuals, companies, or countries have in the outcome of a specific transaction, policy, or economic activity.

Misrepresentation

A false statement of fact made by one party to another party, which induces that other party to enter into a contract.