F2F Class Notes 21st September (Raph)

Capitalism (n): 1- an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
E.g.: We live in an era of free-market capitalism.

Communism (n): 1- a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.
E.g.: Communism is thus a of socialism—a higher and more advanced form, according to its advocates.

Incentive (n): 1- a thing that motivates or encourages someone to do something.
E.g.: The government should give farmers an incentive to improve their land.

Tolerate (v): 1- allow the existence, occurrence, or practice of (something that one dislikes or disagrees with) without interference.
E.g.: We can’t tolerate corruption, no matter how small it may seem.

(Original – Corrected)
I went to here. – I came here.