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Principles of Capitalism
I experienced profit, freedom of choice, competition, and private property on my trip to Candyland.
In the capital of Candyland, the government, which is ruled by the Bubblegum Queen, tells the producers how the products will be produced and ultimately owns all resources that resign in the capital. The capital of Candyland is a command economy because the government owns and controls the resources.
The majority of the profit, a financial gain, goes to the Bubblegum Queen and people of the government.
The four principles of capitalism, profit, freedom of choice, competition, and private property, are important in many ways. The principles of capitalism help fuel economies and the workforce. They prevent economies from failing and collapsing.
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