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Capitalism (Oligarchic capitalism (Patronage, Government policies are…
Capitalism
Oligarchic capitalism
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Government policies are designed to promote the interests of a very narrow portion of
the population or the interests of the ruling autocrat
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Big-firm capitalism
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Can be sclerotic, reluctant to innovate, and resistant to
change
Potential to generate sufficiently large cash
flows to finance internally the continuing, incremental improvements in products and services that are staples of any modern economy
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