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Economy
(3,500 words)
1. Definition “Economy” may be defined in two different—even opposite—ways. A
phenomenological and historical view understands it as a branch of human and social life, as a specific human means of satisfying basic needs, namely, of providing for a life and increasing security, of individual enrichment, of development for both individuals and society as a whole (A. Rich, 22). Historically, especially in the 19th century, different economic stages were perceived that, from the standpoint of Marxism, were linked …
