At the outset, before I get bogged down in details, let me acquaint you with the terms ‘Capitalism’ and ‘Inclusive growth’. Capitalism is an economic system based on private ownership of the means of production and the production of goods and services for profit motive. On the other hand, inclusive growth is a notion that advances equitable opportunities for economic participants during economic growth with boon incurred by every section of society. Taking a glimpse of economic development, there have been an incessant fracas between capitalism, socialism and communism.
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