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Comparing The Economic And Fiscal Philosophy Of The United States

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The United States’ economic and fiscal philosophy revolves around capitalism: an economic system in which private companies or individuals determine the state of production, distribution, and trade. Its structure commonly leads to competition between separate parties in order be the most profitable and wealthy. This also extends towards American citizens; workers, manufacturers, and consumers all compete amongst themselves to attain what they value. Competition is healthy and essential for a society, as it sees to a greater quality of products, improvements in people, and the drive to achieve new feats . When businesses create new goods and services, they often compare themselves to other enterprises. These comparisons allow for businesses

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