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As expected, places where the private economy thrived after the reform were also the ones where private activities had been the most resilient in the Mao period (1949-1976), suggesting strong path dependence in Zhejiang's capitalism.
Referring to private economy (savings), Keynes wrote that "it further discourages all those forms of investment--factories, machinery, and so on--whose ultimate purpose is to make consumption goods.
The way to do that is to remove the impediments to job and business growth and let the private economy function and build businesses and create jobs, which will in turn create more tax revenue.
An estimated 75pc of the Middle East's private economy is governed by around 5,000 families whose companies generate 70pc of regional employment, " he said.
An estimated 75 per cent of the Middle East's private economy is governed by around 5,000 families whose companies generate 70 per cent of regional employment.
It is only with a stronger private economy and with private investments that Greece will be able to achieve a balanced budget in the medium and long term," it added.
Every dollar in lower spending means one less dollar taken from the private economy in borrowing or future tax increases.
But this work, alongside the balanced-budget amendment cosponsored by all the Republican senators, presumes that some force will drive up business investment to a more-than-offsetting degree, creating a larger and more private economy than we have now.
schools, churches and cultural groups to visit Cuba, and boost the amount of money Americans can send to the island to support its growing private economy.
There will always be differing views about Burma but it is now felt that the controlled entry of visitors will now help create and sustain jobs for locals and boost the private economy.
Government work has become a safe harbor for the kinds of workers who are tossed, battered, and sometimes sunk by tumultuous trends in the private economy.
The growth of the welfare state will, beyond a certain point, require some combination of high taxes, heavy borrowing and muscular regulations that reduces the amount of wealth the private economy produces, and ultimately reduces the amount available for the government to distribute through welfare state programs.

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