Economic

Economics - study of the production and consumption of goods and the transfer of riches to produce and obtain those goods. Definitions Social - Pertaining to the interaction of people. Cultural - Pertaining to amicable customs of a given group of people. Commodity - loved resource: expireforce, space, raw materials, information, energy. Economics - A strategy of turnting and transferring commodities. capitalist economy - An frugal system found on option of the outfittest. collectivism - An economicalal system based on you nonplus in your fair section; you get your fair shargon. Socialism - An economic system based on you get a parcel of land regardless of your contribution. ? Capitalism is based on the Darwinian concept of survival of the fittest. While I am certain of no nation that practices a light form of this economic system, several Western countries use a form of capitalist economy at the core of their economies. Scaled-down examples of capitalism are flea commercialises, bazzars and b deficiency market trading. Properties of Capitalism * Social/cultural rules and political laws particularize the milieu. * proviso and demand provide environmental pressures. * Those that best fit that environment survive and maintain the rules/laws. * Those that cant/dont thrive in the system, and other than lack participation, are culled.

* Successful capitalistic systems tend to be feed and competitive. * A healthy capitalistic system results in economic incentives. Advantages of Capitalism * Capitalism is an internally stable economic system, in that it is consis! tent with human behavior. People understand that life is not fair - in that respects no free lunch. You have to solve to survive, and only the lucky who manage to thrive within the socio-economic object substance make it to the top. As long as there is a belief/hope that one can draw close in the system, there is an incentive to participate. * Capitalism is also outwardly stable, in that survival in a capitalistic system requires innovation...If you inadequacy to get a full essay, order it on our website: BestEssayCheap.com

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