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Economics for everyone: a short guide to the economics of capitalism

Book by Jim Stanford · 4 quotes · Capitalism, Economic, Economy

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Economics for everyone: a short guide to the economics of capitalism Quotes

“Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.”

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”