New York University Opinion Piece Essay

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nznymnu

Business Finance

New York University

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Explanation & Answer:
500 words
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1

Social Entrepreneurship: Capitalism is not the Problem but the Solution to Solving Social
Problems

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2
Social Entrepreneurship: Capitalism is not the Problem but the Solution to Solving Social
Problems
Capitalism is an economic system in which the private sector owns and controls the
means of production within an economy. The private sector influences the working of the
economy and distribution of resources and hence affects demand and supply in the economy.
Over the years, there have been unfounded and unproven assumptions that capitalism is bad for
the economy and benefits the rich at the expense of the poor. In many parts of the world,
capitalism is blamed for societal inequalities, especially the unequal distribution of resources
between the rich and the poor. On the contrary, existing data shows that capitalism is not the
problem but the solution to social i...


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