Question

In: Economics

this is my essay Capitalism is one of the most universally loved and hated system. I...

this is my essay

Capitalism is one of the most universally loved and hated system. I agree with the three points the author pointed out to show the good facts about free-market capitalism. There was always a big conflict between capitalism and socialism. Many people think that capitalism is the most important factor for economic growth and development, and many people think that capitalism is the cause of social suffering. the confrontation between capitalism and socialism seemed to be a zero-sum conflict in which one side made a profit at the expense of the other Over time, many disputes and conflict suppression brought about Anarcho capitalism, benevolent capitalism, Clony capitalism and free-market capitalism. My conclusion: The best way to deal with the conflict between capitalism and socialism was given by Mohandas Column Shandhi about 100 years ago.he described in Swaraj the underlying theory behind the book that first develops the poorest part of the country with education and enough employment and then from the poor to the poor But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation.

this essay questioned by professor saying that "But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation." Please explain.

Solutions

Expert Solution

Capitalism is a market structure market forces (demand and supply) determines price and quantity of the products in an economy.Capitalist economy always aims to profit making rather than social welfare.Economic efficiency will be high in capitalist economy.Consumer had more freedom of choice and this will lead to supremacy of consumer.At the same time economic inequality is high in capitalist economy.Rich gets richer and poor remains poor.For acquiring profit firms ignoring welfare of the employees and it creates exploitation in workplace.Power plays a vital role in capitalist economy.

Most of the theories of capitalism are tested first in capital. Das capital of Karl Marx also considered capital as the key point to evaluate capitalist system.According to Marx capitalism itself destroys economy.Social imbalance is high in capitalist economy.Without government intervention an economy can't survive more.Poor people attract capitalism for economic efficiency.But actually capital system exploiting workforce in different types.Any how we can conclude that capital has some drawbacks.A country should be work for economic and social balance rather than exploitation and social imbalance.


Related Solutions

Is capitalism the best economic system for the economic well-being of a country? In an essay...
Is capitalism the best economic system for the economic well-being of a country? In an essay no less than 600 words, explain your answer.
Is capitalism the best economic system for the economic well-being of a country? In an essay...
Is capitalism the best economic system for the economic well-being of a country? In an essay no less than 600 words, explain your answer. Citation is required.
Critics of “capitalism” maintain that one sign of the “badness” of that economic system is that...
Critics of “capitalism” maintain that one sign of the “badness” of that economic system is that it needs a war to keep it going—that a war is good for the economy. Some even argue that the U.S. would have never emerged from the Great Depression—or at least that it would have taken another decade or two for us to emerge—had it not been for our entry into World War II. Critique that line of argument!
How can I improve my thesis for an essay for higher education as I only scored...
How can I improve my thesis for an essay for higher education as I only scored 20/40 in this assignment They say I Say thesis Although Henry Bienen has some compelling reasons regarding pursuing higher education in debate “is college for everyone” but we should study the current job market before we consider higher education. While many technical jobs require hands-on experience with interview skills but higher education might not include proper curriculum to handle such necessities for job security...
I need you to write an empathize essay for my chemistry class. It could be an...
I need you to write an empathize essay for my chemistry class. It could be an observation ,stories and etc. It should contain an environmental problem and a solution to it.
I need a scholarship essay for my nursing program. please and thank you.
I need a scholarship essay for my nursing program. please and thank you.
Write a narrative essay on the situation when i overcame my fear of standing on the...
Write a narrative essay on the situation when i overcame my fear of standing on the stage and speaking in front of large number of people. (public speaking) words - 1500 I have to write four pages in Ms Word with double spacing so i think 1500 words would be enough. MLA format
this is my assignment for intro to java tha i could not figure out, my system...
this is my assignment for intro to java tha i could not figure out, my system just crashed wit a lot of errors. thank for your help Create a new Java class inside your project folder. The name of the class should be: TempConverter Note that this means you should have the following line at the top of your program: public class TempConverter Write a program that allows the user to convert a temperature given in degrees Celsius or Fahrenheit...
1. If my independent variable is height and my dependent variable is weight, am I most...
1. If my independent variable is height and my dependent variable is weight, am I most likely looking at “differences” or “a relationship”? Please explain why. 2. What is the difference between descriptive and inferential statistics? Obviously only a crude (but accurate) answer is necessary. 3. What is the scale of measurement for the variable “year of birth”?
I need an initial template or introductory paragraph for my I-Care essay in Nursing. Its components...
I need an initial template or introductory paragraph for my I-Care essay in Nursing. Its components or nursing action that contributes to compassion, advocacy, resilience and Evidence Based Practice. Thank you. Subject: Nursing Capstone
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT