Businessbooksummariesreview.com

Capitalism

A characteristic of man that separates him from the majority of the
animal world is his organization of social and economic systems.
Man, however, retains traits of his evolutionary ancestors in the
form of self-preservation and greediness.While many political,
economic, and social systems attempt to eliminate this modern
form of natural selection, capitalism and similar economic
structures preserve social inequality in many forms.Historically,
this preservation of financial inequality has achieved a higher
standard of living generally than systems initially formed and
employed to achieve just that.There are specific economic factors
of capitalism that enables it to make life more civilized and
By definition, capitalism is an economic system controlled
chiefly by individuals and private companies instead of by the
government.Through this, it stresses private economic choices.
People are free to decide how they will earn and spend their
income.Companies may choose which goods and services to
produce and how much to charge for them based on the wants, or
demand of the people.This regulates the amount and kind of
products produced to accommodate the population.Because of
this emphasis on economic individual freedom to become the
wealthiest of one's nation, many inequalities form in the
distribution of wealth.As many citizens are able to acquire their
needs to survive and eventually purchase luxuries, some citizens
are not able to support their own existence and eventually die of
cold, starvation, or other such causes.Although this is viewed by
many as inhumane, capitalist societies achieve a higher standard
of living than other socialist and communist societies.This also
provides incentive for the unemployed to find jobs, as they are not
supported by others in a capitalist society.
Historically, communist societies achievedless

Leave a Reply

Your email address will not be published. Required fields are marked *