Summary:
The concept of 'economy' was launched from the coins of Lydia.
Economists made the first definition of the word 'economy' is Adam Smith.
Capitalism is a social system that capital is controlled by the individual.
Socialism is a system in which the state owns means of production.
Socialism is often criticized in terms of the freedom of the individual is not guaranteed.
With this document it is good to know more about the concept and the history of the economy. and through this opportunity I had to think again for the capitalist society that I live.
question:
now, most of the country is a capitalist country.
what is the reason that capitalism is the main economic system?
reference:
https://en.wikipedia.org/wiki/Adam_Smith
https://en.wikipedia.org/wiki/Karl_Marx
https://en.wikipedia.org/wiki/Capitalism
https://www.youtube.com/watch?v=dacC72lkTNo
I think the main reason why capitalism is so prevalent around the world is due to the need for progress and growth. The strongest incentive for people to work harder and faster is of course money, and what better system to reward work than Capitalism.
ReplyDeleteMaybe in the future when we start to develop more self-sustaining methods of production, such as solar energy (renewable resources), society can become more like Karl Marx's version of Communism.