http://www.buzzle.com/articles/pros-and-cons-of-capitalism.html
On the website listed above, the author of the website describes the pros and cons of Capitalism. Some of the pros that are listed are growing environment caused by the open market and the competition of different market retailers and their drive to sell more products than each other; Another pro is that individuals can rise up through the downed economy and use it to their advantage. Some of the cons to capitalism that are shown in the website is that some people who are not as fierce in the competition and ultimately there will be a rise in major corporations. Some people also believe that there are unjustifiable amounts of money not going to the right places and some people find that unfair. Other people believe that this economic system will rid the world of its resources.
http://www.wsu.edu/~dee/GLOSSARY/CAPITAL.HTM
Capitalism has essentially been around for hundreds of years. They claim that capitalism was first started out mercantilism and gradually changed throughout the years into the social and economic system that is currently used in the united states. The Romans were the first ones to use mercantilism in Europe but Arabic cultures had been using that system for much longer
:Owning products as property is called capital, People who work get wages not products, Capitalism is enlightened and individualistic.
http://www.worldsocialism.org/articles/what_is_capitalism.php
ReplyDeleteIn the website shown above there is a article explaining and defining the concept of capitalism. They say in the article that the biggest mis consumption by people today when referring to capitalism is that it is a new way of life in our and has not been around for a long time. When defining capitalism they said it is the production of technology and buildings all around the world. The type of people who are involved in the production of these goods are known as capitalist. In light of above, captilism is on the rise and is the way of life for most of the higher businesses in our world today.
http://www.worldsocialism.org/articles/what_is_capitalism.php
ReplyDeleteIn the website shown above there is a article explaining and defining the concept of capitalism. They say in the article that the biggest misconception by people today when referring to capitalism is that it has been around for a long time when really it is a new way of life. When defining capitalism they said it is the production of technology and buildings all around the world. The type of people who are involved in the production of these goods are known as capitalist. In light of above, captilism is on the rise and is the way of life for most of the higher businesses in our world today.