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The main differences between capitalism and socialism revolve around the. role of government and to the equality of economy. The main differences are presented below: Capitalism Socialism Definition A theory or system of social organization based on the. free market…

Cost is any disbursement made by a company to maintain its production process of goods or services (purchases of raw materials, transportation of products, etc.). Expense are all disbursements or payments made by the company to produce the product or…

Fixed and variable costs are the cash outlays that a company has to make to ensure its operation. The difference between fixed and variable costs is that fixed costs are generated on a regular basis and do not depend on…

The primary, secondary and tertiary sectors are the main categories of economic activities in a country. The primary sector encompasses activities related to obtaining natural resources, such as agriculture and fishing. The secondary sector or industrial sector is in charge…

A organic compound is any compound that has carbon as its base. Its bonds are covalent, carbon to carbon, or carbon to hydrogen. It is synthesized mainly by living beings, however, it can also be synthesized artificially. Compounds of this…

Iusnaturalism is a current of thought based on the idea that rights and norms have a natural origin and are inherent to human beings. Iuspositivism is a current of thought based on the separation between morality and law. From this…