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an economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitive environment through the investment of capital to produce profits: it has been characterized by a tendency toward the concentration of wealth, the growth of large corporations, etc. that has led to economic inequality, which has been dealt with usually by increased government action and control
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∙ 15y ago
paulbenn
Under capitalism, the means of production are owned by a tiny minority, the capitalist class. Most people have to work for a wage. Production takes place for the sake of making a profit. There is an oppressive state machine, and sizeable armed forces.
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What is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
Which type of economic system is more useful for the people of democratic nation?
Depends. If you mean the average person, a socialist/communist system works best If you are talking about which will give you the best ability to excel, become innovative and improve your lot in life and become rich, Capitilism is the best way to go. A capatilist system with socialist and left leaning tendencies works best for everyone, since it protects lower classes while allowing for people to improve their lot in life.
What kind of economic system the US have?
Answer 1:CapitalismAnswer 2:I disagree with the first answer. We are generally regarded to be a "mixed economy", that is to say, a blend of freedom and controls. The "freedom" part is Capitalism and the "controls" part is Socialism or Fascism. (Most of what people call "Capitalism" is really "Fascism")By any standard, it would be difficult to see any "freedom" or Capitalism in a nation in which no one actually knows how many pages of regulations apply to all facets of all businesses.Really. There is no one who knows how many pages of regulations exist, let alone how many regulations are on each of those innumerable pages. Not when you count all the Congressional laws, all the Executive orders, all the Supreme Court case laws, all the laws by international treaty and all the regulations of all the bureaucratic agencies like OSHA, SEC, FTC, EPA, FDA, DOT and such.Bear in mind the Founder's reference to regulating interstate commerce has been so broadly expanded as to apply to pretty much anything. Even eating home made bread made from wheat you grow on your own land can be regulated and fined - as if you didn't do that, you might buy it from another state, therefore you are affecting interstate commerce. See Wickard vs. Filburn, 1942 if you believe I exaggerate.And don't forget all the state and local laws from building and zoning codes to environmental impact rules to EEO standards. And if you do business in all states, you must follow fifty different versions and variations.All businesses are required to comply with all those regulations, though. After all, ignorance of the law is no excuse.And whether all that is good or bad, it sure isn't Capitalism or Freedom.
What is an simple way to describe capitilism?
its a economic system in which you MEEP MEEEP
What was a positive effect of capitilism?
They who know the system can make a lot of money.
What is astro capitilism?
Astro Capitalism is a state in which all government is lead by corporations. Astro Capitalism is a state in which all government is lead by corporations.
What carrer studies forms of government such as communism marxism capitilism Totalitarianism etc?
The course that allows you to study forms of goverment such as communism, Marxism, capitalism, and Totalitarianism is political science.
Would marxism communism totalitarianism capitilism etc Be considered styles of government?
Marxism, communism, totalitarianism, and capitalism can be considered as styles of government because each one of them represents a form of structure that influences market, social, political, and economic aspects.
What form has capitilism taken hold in modern china?
It would be more accurate to speak about free market reforms in China then use the term capitalism. What the Chinese Communist government has done is to allow private industries to exist and grow. It has allowed State run enterprises to have more autonomy. Probably the most outstanding development in Communist China, has been the establishment of a stock exchange in Shanghai.
What is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
Which type of economic system is more useful for the people of democratic nation?
Depends. If you mean the average person, a socialist/communist system works best If you are talking about which will give you the best ability to excel, become innovative and improve your lot in life and become rich, Capitilism is the best way to go. A capatilist system with socialist and left leaning tendencies works best for everyone, since it protects lower classes while allowing for people to improve their lot in life.
How did the Nazis associate Jewish people with communism and capitalism?
The Nazi's didn't really associate them with communism and capitilism. It was my understanding that the Germans didn't like the Jewish people because when the world including Germany suffered from the great depression, the Jewish people were able to stay well- off because they owned their own little stores. So the Germans were angry with them and thought that they were the reason every thing was bad with their economy. On the night of broken glass the Germans went to Jewish shops and destroyed them.
What kind of economic system the US have?
Answer 1:CapitalismAnswer 2:I disagree with the first answer. We are generally regarded to be a "mixed economy", that is to say, a blend of freedom and controls. The "freedom" part is Capitalism and the "controls" part is Socialism or Fascism. (Most of what people call "Capitalism" is really "Fascism")By any standard, it would be difficult to see any "freedom" or Capitalism in a nation in which no one actually knows how many pages of regulations apply to all facets of all businesses.Really. There is no one who knows how many pages of regulations exist, let alone how many regulations are on each of those innumerable pages. Not when you count all the Congressional laws, all the Executive orders, all the Supreme Court case laws, all the laws by international treaty and all the regulations of all the bureaucratic agencies like OSHA, SEC, FTC, EPA, FDA, DOT and such.Bear in mind the Founder's reference to regulating interstate commerce has been so broadly expanded as to apply to pretty much anything. Even eating home made bread made from wheat you grow on your own land can be regulated and fined - as if you didn't do that, you might buy it from another state, therefore you are affecting interstate commerce. See Wickard vs. Filburn, 1942 if you believe I exaggerate.And don't forget all the state and local laws from building and zoning codes to environmental impact rules to EEO standards. And if you do business in all states, you must follow fifty different versions and variations.All businesses are required to comply with all those regulations, though. After all, ignorance of the law is no excuse.And whether all that is good or bad, it sure isn't Capitalism or Freedom.
