Summary
This article deals with the economy. In introduction Explain the basic
concept of the economy. It also economy is the end result of a process that involves its
technological evolution, history and social organization, as well as its
geography, natural resource endowment, and ecology, among other factors. Read this part, I could know a little bit about
concept of economy. The history part showed the economic history of the ancient, medieval,
modern. Made of gold, silver coins produced
from those
Rydians, The Babylonians exchanged goods in marketplace. And they developed the
first known codified legal and administrative systems, complete with courts,
jails, and government records. Also I could know new knowledge that In medieval times, what we now call
economy was not far from the subsistence level. The great explorers such as
Columbus, Marco Polo discovering new areas, The European economy has grown because European countries dominated colony that Countries in Africa, Asia
or Latin America. And I know about
mercantilism. Also i could get new knowledge about the development of capitalism has evolved through
the colony. In addition read thus article I know Socialism what Opposed to capitalism.
Mention
I had a lot of new
facts about economy to read the article. For example it was amazed the fact of Capitalism is developed
through ruled the colonies. Also I shocked the fact that i
thought the United States is a purely capitalist
country, but read the posting i know that US has been associated with socialism. In fact, I don’t know about economy when read this posting. But read this
posting I could have knowledge of economy.
Question
Why is there not a purely capitalist country?
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