Question

In: Psychology

Do you see any flaws with capitalism? If so,what are the flaws?

Do you see any flaws with capitalism? If so,what are the flaws?

Solutions

Expert Solution

Capitalism is the investment of money for the development of economies, infrastructure development of countries as well as the regulation and monitoring of demand and supply of various goods in the market along with the imposing of taxes on supply and marketing of goods in various countries.The government has set various rules for the transport of equipment, materials and goods to other regions as well as to monitoring system has been developed to help in the proper functioning of goods in the economy.The government regulates investment and capitalism in two forms namely--direct and indirect, administration level of regulation and entrepreneurship methodology of regulation.The Macmillan dictionary of economic affairs discusses the important rules and regulations required for the functioning of economy and market of a country with required and necessary developments and increase in productivity of various company products.Many sports are also covered under the capitalism system in which the political parties decide the investment of money on players depending on their merit after shortlisting process by the educational institutions and sports authorities at the national regulatory level.The levels of capitalism are discussed below namely---market investment which involves the money required for the manufacturing and production of products and service taxes levied on the maintenance of machinery and equipment used for the production of various company machinery parts which is imposed on employees in private companies and not in government sector economies.Further capitalism involves the investment of money in shares in market used for the development of big private hospitals,laboratories, companies, industries, road building,machinery and equipment in industries,maintenance costs, supply costs,service tax costs and implementation costs after the import of such equipment from other countries or the the buidling up of infrastructure for constructing and developing such machinery in companies in their own countries with necessary foundation of rules and infrastructure in private sector and government sector.The disadvantages and flaws include the sand model of taxes levied on employees after years of hardwork,dedication and sincerety after employment in private firms along with the generation of maintenance cost on employees for the setting up of machinery and tools required for development of products and tools.


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