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Capitalism Reference library
Meghnad Desai
The Oxford Companion to American Politics
...relevant to the production activity can be carried out, especially the right to hire and fire workers; and (4) the legal right of the owner to dispose of the profits as well as the property generating those profits in any way he or she chooses, subject to well-specified and justiciable limits. The use of money and the existence of markets becomes ubiquitous as capitalism spreads, limited only by what individuals may hold property rights in. For its sustained growth capitalism requires investment on a continuing basis, either out of profits previously earned...
