Capitalism

== == Capitalism has, and has had, many supporters and had no founder because it developed gradually and naturally as the feudal arrangements of the Middle Ages gave way. You may be thinking though of Adam Smith whose book, "The Wealth of Nations", published in 1776, gave the first and most important analysis of the principles on which it is based. Economists still study it to this day.

They allowed investors to take fewer risks.

Answer choices would be helpful here.

However, the general difference between mercantilism and capitalism is that mercantilism is more restrictive than capitalism. Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

As a result, entrepreneurial colonists that wanted to make manufactures or to trade with other parties engaged in smuggling. This kind of smuggling disappears significantly when trade restrictions are lifted.

companies compete for profits. just finished my quiz on apex. :)

That is a good question. Considerable individual choice is one characteristic that both share. In a democratic society the citizen is encouraged to participate (or at least he should be encouraged) and Capitalism is free-ranging and multi-optional with opportunities you can create for yourself.

Democracy and Capitalism are not either/or. But they are not the same thing either. Opportunities in democracy and opportunities in Capitalism should be encouraged in both if both are to succeed.

Max Weber defines "spirit of capitalism" as the ideas and esprit that favor the rational pursuit of economic gain.

To what extend did the new deal strengthen or weaken the usa capitalism?

I think one of the greatest concern associated with capitalism is the ownership of private ownership because without the element of private ownership you can't think aboout this concept.

Marx's argument against capitalism is that it resulted in the creation of a class struggle between the owners and controllers of the means of production in society (the Bourgeoisie) and the mass of common laborers (the Proletariat) who were oppressed and exploited by the Bourgeoisie. Capitalism is designed to extract as much surplus value from the labor of the workers (profits) as it possibly can. In order to maximize profits capitalists force the Proletariat to work to a point where their lives, health and ability to enjoy life in general deteriorates.

the term whas coindes by adem shadow:

Yes: people in Communism are free to do worthwhile and rewarding work, and can live comfortably with free access to what has been produced. Under capitalism, the vast majority have to work for an employer and their consumption is limited by their wage.

While some believe that they were born together that is not necessarily true. Capitalism came centuries before the industrial revolution however it only came about in small regions such as the UK and the US. It wasn't until the Industrial Revolution that capitalism made it's moves to becoming global (which some countries rejected quickly such as the USSR) and having the markettrulybecome thefundamental aspects of most societies. So the relationship ultimately in myopinion(i sayopinionbecause some would beg to differ) is that capitalism came first in the 15th century then the industrial revolution came in the 19th century and was pretty much capitalism'ssteroidsallowing it to rule the land with a significant enough amount of roid rage to terrify every peasant in it's path but yet make every capitalist gleeful with it's strength.

Some of the strengths of capitalism are the providing of a scale of wages in which one can acquire wealth. There is also investment in the means of production to generate profits for investors and owners. The main weakness is that this can lead to monopolies and great wealth being held by a very small percentage of a country.

The economic system where operations are funded by profit and where production and distribution are corporately or privately owned is capitalism. Examples of countries that use capitalism include the United States, United Kingdom, Canada, Japan, Denmark, and Australia.

The state has several roles to play in capitalism. Firstly, it exists to protest the interests and power of the capitalist class against the working class. Also, since capitalism is a fairly anarchic system in some ways, a political establishment is required to bring some order to what would otherwise be a very unstable situation politically and economically.

A society with none of the hallmarks of capitalism, i.e. classes, wages, production for sale, government, armies. So Communism, a classless stateless society based on production for use.

Capitalism as a social system promotes individual rights. In capitalism, everyone is free to do as he or she pleases so long as their actions do not interfere with the rights of others. The government's power is limited to the protection of these rights (laissez-faire capitalism as a political system) and everyone can enjoy a fearless way of life.

Continuing on the economic and political train of thought, capitalism has a 100% free market economy. You are allowed to enter or withdraw from it as you please and place items up for sale with no outside interference. This means that there is no income tax or anything of the sort. What you make is completely and entirely yours.

Much of the criticism of capitalism stems from the thought that the rich will become richer and the poor will become poorer. What they fail to say is that the PRODUCTIVE rich will become richer under capitalism and the UNPRODUCTIVE poor will become poorer. Controversy also stems from the belief that only the selfish and corrupt can succeed in capitalism and that everyone has a duty to others. Those three points each represent different things: That everyone must be selfish to succeed in capitalism is true to an extent- so long as the "selfishness" is RATIONAL (see: Objectivism); that only the corrupt can succeed in capitalism is incorrect and is actually quite untrue- the corrupt will logically not have their products bought for they will, logically, be sub-par (see: nihilism); and that everyone has a duty to others is a fallacy that stems from the irrational fear that always seems to pervade anti-capitalist thought- upholding this doctrine of self-sacrifice can only lead to communism or socialism (see: Marxism as well).

While it is true that capitalism will have a very wealthy upper-class and a very poor lower-class, there is no law that could exist in capitalism that would prohibit charitable foundations that still would continue to give to the poor; capitalism only says that you may not force one to donate.

I hope this answers your question- and, for more information, do read up on Objectivism, a staunchly pro-capitalist philosophy.

The US Constitution says absolutely nothing about capitalism. The only oblique reference to capitalism is in the Preamble where it has the phrase "secure the Blessings of Liberty to ourselves and our Posterity". Liberty, when the US Constitution was written, referred to economic freedom to open, manage, and close businesses as well as freely shop at any business. So, the US Constitution was arguing that one of the key purposes of the US Constitution was to guarantee a free-market economy.

They did not really expect the emergence of political parties.

Parties came into existence with a significant disagreement over how to interpret the Constitution.

Washington's Treasury Secretary, Alexander Hamilton, was a "loose constructionist," one who believed that the Constitution should be interpreted loosely. Thomas Jefferson, Washington's Secretary of State, and James Madison, the "Father of the Constitution," were "strict constructionists," those who believed that the Constitution should be interpreted as it was written.

Followers of Hamilton came to begin calling themselves Federalists, and followers of Jefferson/Madison, Democratic-Republicans. These were the first political parties.

For more info, go to www.constitutioncenter.org and run "necessary and proper clause" in the Search section. Do the same thing in the Interactive Constitution section.

Also a review of the Federalist Papers would be worthwhile, particularly Federalist #45 and #51 (both written by Madison). They are a little hard to read, but will give you a good idea of what the Framers (and the representatives of "We the People" in the ratifying conventions) had in mind when they wrote/ratified the Constitution. See: www.yale.edu/lawweb/Avalon/federal/fed.htm.

Good luck.

It is a capitalist country: most companies are privately owned with some exceptions at key industries, namely oil and electricity.

Adam Smith A+

Answered By Pimp Daddy SBON

Capitalism is prevalent in the global economy because this economic system allows individuals freedom to make choices. With this system, people are free to do what they want to do and use their money where they want to.