MAIN TOPIC : Economy
2016.09.23. / Hyewon Lee (이혜원)
1_What I learned with fourth week Wikipedia link.
Economy is the method that people use their environment to satisfy their material wants. As societies developed, economy also became larger and more complicated. For many people, barter which is the exchange of products occurred from social relationships.
 |
| copyright : By User:Wykis (Own work) [Public domain], via Wikimedia Commons This picture explains well about what is capitalism. |
In the link, there was explanation about capitalism and socialism, In capitalism, people's labor and products are traded in markets. Capitalism developed gradually in Europe, and then they spread increasingly to other countries. Capitalism is run by interactions of commodities, money, labor power and means of production.
Capitalism come under criticism in that it is associated with the unfair distribution of wealth and power. I was impressed in this aspect. I didn't think about weakness of capitalism and always think capitalism is good thing. Capitalism also have drawbacks, and I think the reason why many countries adopt a capitalistic economy might be that capitalism is the most suitable for our modern society even though it has some shortcomings.
2_Question about this week 4 study.
Most countries adopt a capitalism. Then, I wonder why other countries don't adopt capitalism, and what economy system do they choice? If any classmates have some idea, please tell me!
Thanks for reading my posting. : )
Most socialism nations have target that all people is equal. But, there is a contradiction that all people can't be equal . so, nowadays, Most nations are capitalism.
ReplyDelete