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Capitalism

Capitalism is a political system characterized by private for-profit ownership of property and goods.

631 Questions

How do you minimize disadvantages of capitalism?

Capitalism benefits from exploitation of labour and limiting the quality of the product/service, so it is natural for Capitalists to be Evil.

The only way to minimize this is either by self-regulation by the Capitalist or through Gov.t control.

What is capitalism socialism communism?

Capitalism is an economic system in which the means of production are privately owned by some while others, the workers, must try to sell their labour to the capitalists in order to survive. The driving force behind capitalism is to accumulate as much capital as possible in order to accumulate even more.

Socialism is a term that can be used to refer to any economic system which is based on the common ownership of the means of production and human co-operation in work and society more generally.

Communism is often associated with Stalinism though this is far from what Marx, Engels, Lenin, Trotsky and many others meant by the term.

Marxism envisions an ongoing process in which a new socio-economic and political system will develop and eventually mature. Socialism here is referred to as the lowest stage of communism and communism as the highest stage of socialism. Communist society will be classless and free of war, poverty, homelessness, illiteracy, racism, sexism, homophobia, etc. The ultimate goal is human happiness and harmony.

How is production allocated under capitalism?

Production will be allocated to those with available resources and a willingness to purchase the output of production. These purchases then become information for suppliers in determining what and how much to produce in the future.

What were some theories opposed to capitalism?

I think marxism/communism but I dont really know

Why capitalism is most easily linked to liberalism?

coz they both have an ism at the end of the word

What are capitalism and communism and socialism?

Capitalism is a free-market system with little or no government regulation. Communism is a system where the market and means of production are owned by the government. Socialism allows some regulation of the economy and is also the transition from capitalism to all out communism.

What key questions have yet to be satisfactorily answered by historians about the battle of Agincourt?

Probably the amount of soldiers that each side (French and English) had because historians say that the English were outnumbered by 3 to 1, however, if this were the case, the English would probably lost. The odds are thought to be a lot less though.

Who owns the factors of production in the Philippines?

Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.

Did McDonald's impact communism or capitalism If so how?

Ronald McDonald is secretly Karl Marx reborn in the form of a clown. Sparta was communist which is where the golden arches were first seen. Athens was jealous, and so started the first cold war, but it quickly turned HOT! The war however was interrupted when Persia invaded and the movie 300 was made. This is where life began.

Are there any famous cases of injustice?

O.J. Simpson.

Killed two people, they had evidence against him but he went free because he was rich.

What is capitalism an example of?

When Walmart pursues opportunities in the market to make more money, that is considered capitalism. The ability for businesses and individuals to pursue profits, as long as it is legal, is an example of capitalism.

Does Capitalism exist in other countries?

There are semantic difficulties to this question. Capitalism, like Socialism, does not exist in any nation in a pure - or even in a close to pure - form.

Picture economic systems as along a continuum. At one end is pure free market, anarcho-capitalism and at the other end is pure communist totalitarianism.

In the vast in between, all the nations are ranged all up and down, with none being very close to anarcho-capitalism, and only few being any where near communist totalitarianism.

North Korea may have the dubious distinction of being the most completely controlled economy ever. That their people are now 6 inches shorter (on average) than the genetically identical South Koreans should tell you all you need to know about controlled economies.

Nations that we think of as communist or socialist (really the same thing) are often times shot through with free market aspects. Notably China. And nations that we think of as capitalist are often times shot through with socialism. Notably the Western Democracies, including America.

How does Conflict theory relate to capitalism?

The conflict theory explains capitalism, and how capitalism will eventually be demolished by the rise of the working class (causing tension/conflict)

How does capitalism support individualism?

Individualism is the moral stance, political philosophy, ideology, or social outlook that stresses the moral worth of the individual. Individualists promote the exercise of one's goals and desires and so value independence and self-reliance while opposing external interference upon one's own interests by society or other institutions such as the government.

Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit.

Therefore, individualists value independence and being free from the interests of the government. Capitalism is an economic system which stresses individual freedoms by increasing self-reliance (personal economic responsibility), privatization and entitlement to all property, and direct access to the market.

What is Christianity's impact on world history?

The impact of Christianity on world history is huge. Our very calendars were set to indicate how long it has been since Christ's birth, although the humans who calculated it may have been mistaken. Christianity, through both the good deeds of Christ's followers and the mistakes of those who profess to believe have affected many many events throughout the world since the time of Christ.

Is the human future capitalism or communism?

Communism appears to be receding, so, for at least the short term, capitalism is ascendant.

What is the next alternative for the world after capitalism fails?

Unfortunately, capitalism as currently practiced is little more than a combination of business socialism, national socialism with a little capitalism mixed in. We get more of what we're willing to pay for. When we pay for people to be indigent, helpless and ignorant, we will get more of that. When we pay for businesses to fail (corporate bail-outs) we'll get more of that too. It wasn't that many years ago that Chrysler Corp. received a large government bail-out. Now the company has been purchased by a German Conglomerate.

What is guided capitalism?

when your state buys less imported, foreign goods and instead utilizes your own goods

Which statement best summarizes both the rise of capitalism and growing criticism of the system during the 19th century?

Capitalism flourished by challenging the economic restrictions of mercantilism, but some citizens blamed it for creating economic inequality. (Apex)

5 facts about capitalism?

There are five facts about capitalism. The five different facts of capitalism are popularity, better health, promoting social good, bring out the best in everyone and greater freedom.

Why is the consumer considered ''King'' in a capitalist economy?

The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.