Market Economy
The notion of pragmatism and democracy has succeeded in tempering
the market economy in developed countries. The Industrial Revolution had some
very negative effects on the living standards of the working classes. But eventually,
legislation about working conditions and better environment conditions
was passed to circumscribe the worst behaviors, which reversed some damages.
Nowadays, the benefits of the market economy we shared are far more widely
than 100 years ago.
the market economy in developed countries. The Industrial Revolution had some
very negative effects on the living standards of the working classes. But eventually,
legislation about working conditions and better environment conditions
was passed to circumscribe the worst behaviors, which reversed some damages.
Nowadays, the benefits of the market economy we shared are far more widely
than 100 years ago.
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