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State capitalism is known as a economic process where industry features (profit oriented) are initiated with the aid of the state.

 

The production methods are organized and managed by way of the state. The federal government companies manage the whole method – capital broaden, the wage for labour and centralized management.

 

State capitalism is the mixture of wage constitution of construction and manage by the federal government. It would be utilized to denote a constitution in which the state makes fiscal decisions to preserve the well-being of mega corporations.

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