SUMMARY
Economy is all activities that produce ,consume ,distribute the service and goods.
As time goes by, Economy has evolved and more complex.
Methods of measuring the economy are various.
For example, GDP(Gross Domestic Product) and Gini coefficient. Economy is measured in this diverse ways.
For example, GDP(Gross Domestic Product) and Gini coefficient. Economy is measured in this diverse ways.
Capitalism is one of the economic system. Capitalism's purpose is profit seeking. Capitalism is commercialize the labor and production is unplaned. Continuously, This pursuit the profit.
Profit motive encourage company to work efficient.
Prices of goods and services is determined by supply, demand and competition. Also exert influence on economy.
Profit motive encourage company to work efficient.
Prices of goods and services is determined by supply, demand and competition. Also exert influence on economy.
Some people criticize the unfair distribution of resources.
But Capitalism lead to economy growth and improve our live. Socialist not agree this opinion.
But Capitalism lead to economy growth and improve our live. Socialist not agree this opinion.
They claim that growth able to through the exploitation and this economy system fix the unequal society.
OPINION
I recognize that capitalism do abundance in our lives.
I think that the more capitalist development is a deep gap between the rich and the poor.
Rich people is more and more wealthy and Poor people becomes more and more poverty. This gap is destroy the poor man hopes. Also In intense competition, people focus on result rather than process. This mind read consequentialism.
What do you think capitalism? and you concentrate on advantages or disadvantages?
photo by:http://www.asiatoday.co.kr/view.php?key=855421, 칭다오르바오(靑島日報).
I think capitalism is rational economic system. also, I think the advantages greater than the disadvantages of capitalism.
ReplyDeleteIf workers work hard, it is given that much of the reward. It makes let workers have the enthusiasm for production activities. And it can exert a positive effect, leading to economic growth.
The gap between rich and poor will inevitably occur in the process for the development of society as a whole.
I very well read this posting!
ReplyDeleteI think that socialisme is a deep gap between the rich and the poor.
Because all people had no choice but to have self-centeredness..
And modern society only focus on result.
So I think many people want to more big result consequently.