Economics, Econometrics and Finance
8 years ago

Private ownership is not synonymous with capitalism, reshaping understanding of economics.

Commercial Research
Private Ownership ≠ Capitalism ──An Understanding of Non-public Ownership Economics
Chen Jing-shen

Paper Summary

Private ownership of means of production has been around since ancient times, with capitalism being just one phase of this system. Understanding the relationship between private ownership and capitalism is crucial for grasping the non-public ownership economy in a socialist market.

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