* higher taxes allow for higher production of consumer goods
Capitalism is an economy in which the entire economy is left in private hands. The government's sole task is only to provide a safe legal framework in which capitalism can operate safely without fear of fraud etc...
Producers compete to see who can have the best and cheapest product in order to survive economically. This means the consumer will be given cheaper and better products.
People have to work hard in order to survive (as opposed to socialism and welfare states) keeping everyone working hard.
Innovators and inventors can take advantage of the free market to make a profit. This makes capitalism countries the primary sources of innovation and new technology.
If people work harder, they can make greater profit and improve themselves. (human nature). Therefore, people work hard. By contrast, in socialist states where the money is taken by the government for distribution, there is little urge for economic betterment and hard work because no matter how hard you work, you always make the same.
If capitalism is not followed, many disadvantages will come about. Example: The U.S. The more money that the United States taxes from the taxpayers and businesses and pours into social programs (aka wellfare), the less will be the taxpayers desire to work hard as his ability to obtain economic betterment is eliminated. The wellfare recipients will loose the push to work created by potential starvation and continue to not work (don't blame them, there's no reason to). Eventually more and more taxpayers will stop working and stop paying taxes in order to join the welfare recipients in order to live with no work. This has and will cause nearly all of the U.S.'s economic troubles.
~M. Hall
For the capitalist class, the one percent, it delivers astonishing amounts of wealth and power. Itβs not so good for the remaining in 99%, though.
not sure need help too.
A free enterprise economy is also known as capitalism. There are many advantages to capitalism because capitalism benefits everyone. Capitalism gives everyone the freedom to choose their own jobs and products without government intervention. However, a disadvantage is that companies tend to cut corners risking employees health and safety.
Capitalism
capitalism.
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
not sure need help too.
what are advantages n disadvantages of capitalism?
A free enterprise economy is also known as capitalism. There are many advantages to capitalism because capitalism benefits everyone. Capitalism gives everyone the freedom to choose their own jobs and products without government intervention. However, a disadvantage is that companies tend to cut corners risking employees health and safety.
Capitalism
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
capitalism.
Classical capitalism
The advantage of Capitalism to society is that it allows us to consume all our resources now, for the sake of the economy, without the least regard for the well-being of our descendants.
Capitalism. Individual rights and freedoms Greater representation for the people
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
Capitalism
The biggest advantage of capitalism, is self motivation. If I work harder and smarter, I might make more money. Without that incentive, there is no motivation to work harder than I have to.