Capitalism

Capitalism is a concept of free enterprise where Capital is a resource for production of goods and capital .In the transition of occupation from the primary to the secondary and tertiary stage in economic development capital is the only resource that helps to build the economic and social structures in the capital outlay of investments and the well beings of the people.

The socialists concepts of welfare however has its limitations and more specially in Marxism where confrontation has witnessed a normative pause and total failure in this enlarging global economic social scene.

Almost every country in the worl uses capitalism, however, no one country can say that they are a fully capitalism driven country. The countries are usually either a combination of capitalism and socialism or capitalism and communism.

Capitalism is a direct reaction to Adam's Smith The Wealth of Nations. As a result of Smith being English, England is often credited as the first country to move from mercantilism to capitalism. Other European countries were not far behind.

I would say # 1 is "Free Enterprise" meaning that all individuals are free to produce the goods and services they desire and to trade or sell them for other goods and services produced by others (either directly or via a monetary medium).

The three defining traits of capitalism are as follows:

1) Free pursuit of self-interest

2) Free international trade relations

3) Free technological development

There are many more details and aspects of capitalism but that's the answer if you're looking for something brief and concise.

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The USA has enjoyed a reasonably free market mixed economy, However it is not a capitalist country. in a capitalist country there would be absolutely no involvement in public welfare, you would not have your prisons full of junkies because there would be no reason to deny people their freedom to kill them selves there would be no bailout with socially raised money to bail out an irresponsible finance sector to save the man in the street from starving to death. all of these bad things would simply be described as things that are a natural part of ta free market economy and for "the good of mankind", which is also a socialist concept.

Germany has had a primarily capitalist economy since the nation's unification in 1871 and the prior German confederations were also predominantly capitalist, in terms of the national economic policy. Under the Nazis, Germany became a corporatist state as opposed to a capitalist one. This non-capitalist nature continued in East Germany, which after World War II, became a Communist State and remained so until unification with West Germany in 1990. West Germany (and now Germany) has consistently been a capitalist state since its formation after World War II.

It is called a bear market - so a BEAR!

He loved drugs, women, rap, and the power of dance.

The People's Republic of China is a single-party Communist state, officially called a "People's democratic dictatorship".

The economic system existing in China today is officially called a "Socialist market economy", but most describe it as a form of capitalism.

The economy is functionally capitalist, where enterprises are organized as business companies and strive to maximize profits as their goal. Most large enterprises are organized as Western-style corporations, where the state owns controlling shares in. These are called "state-owned enterprises" and exist alongside privately-owned enterprises.

This form of capitalism is widely called "state capitalism", and is similar to the economic system found in Singapore.

they are dangerous because they can cause trouble and make fights btween people so dont get in a monopoly

There are some socialist political parties in Ireland, and socialist politicians.

Not everyone hates communism, but the people that do dislike it because they think of it as hurting people, and making people suffer while the government does whatever they want. Which, ironically, is why most other governments, including democracy, are criticized as well.

Do some research, LAZY!!!!!!!!!!!!!!!!

Well that right there is one challange of capitalism, those who are lazy, will not help the economy grow!

Do some research, LAZY!!!!!!!!!!!!!!!!

Well that right there is one challange of capitalism, those who are lazy, will not help the economy grow!

It is based on greed.

None, as capitalism (classes, production for profit) and Socialism (no classes, production for use) are incompatible.

A governor approves a law remaining removing taxes

Welfare capitalism is system in which employees are granted benefits such as insurance, food, and other perks. The process began in the 1880s in the United States.

Responsible capitalism is where private companies act competitively but have a limit to how far they can compete; prevents monopolies. It recognizes the infringement of someone else's personal freedoms. Social justice of equality is important and must provide those who are unable to access certain needs, the ability to have it. For example, public healthcare. This system emphasizes being against the "every man for himself" mentality

Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "

They dont or have not at this time as there is stil no such thing as Capitalism. In a capitalistic society there is no need for represetative democracy as this only interferes with market forces.

Adam Smith, a Scottish economist, provided the philosophy for capitalism. His most well-known work is The Wealth of Nations, published in 1776.

The New Deal was a socialistic program that weakened U.S. capitalism.