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1. The key features of capitalism are Companies, Profit motive, Competition and Private property. Select one of these features and summarise its importance to the
1. The key features of capitalism are Companies, Profit motive, Competition and Private property. Select one of these features and summarise its importance to the nature of capitalism.
2. Identify the meaning of the following 2 key terms that were outlined by Adam Smith, the invisible hand and Division of labour. Outline how they are connected to the ideas of capitalism and business
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