Capitalism & Communism
Summary
Capitalism refers to the format of the economy, which is dominated by the capital. In these capitalist society, pursuit of profit is the largest purpose. Capitalist society is made up of the five elements. 'sources, money, factors of production, labor, production" is it. In addition, the heart of capitalism is competition. People, in order to obtain better results, which leads to national economic growth in competition with each other. However, also exists criticism of capitalism. In a capitalist society, it is that the unequal distribution of capital occurs. I thought that with such a position is socialism. Socialism, and emphasis on fair distribution. Therefore, the capital will be distributed by the country. However, by the characteristic of "fairness", there is a slow side for the economic growth. Because, because "competition" does not exist.Opinion
I think North Europe is the best model. Country of North Europe collet lots of taxes, however the quality of their welfare fecility is very nice then other country. People who live in North Europe don't worry about their later years. So the young people can dream what they want without worry. These economy structure called 'social democracy.'picture source:kangms872.tistory.com
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