PTE-SST-Market Economy
The notions of pragmatism and democracy
had succeeded in tempering the market economy in developed countries.
The Industrial Revolution had negative effects on the living standards of the working classes.
But 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.
had succeeded in tempering the market economy in developed countries.
The Industrial Revolution had negative effects on the living standards of the working classes.
But 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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