what is capatilism in american economy?

Question

currently and previous capatilism in american economy

Answer 1

Capitalism is a form of government period. It is the opposite of a centrally planned economy (communism) in which the citizens control the resources. There are few countries that are pure capitalism. Hong Kong is a prime example of capitalism. The USA is often more actually described as a mixed economy. There are many government controls that impact production and the economy. The government possesses extensive resources and controls. America is slowly growing less and less capitalistic. Since the 1940s-1950s the power of the federal government has increased at a ridiculous rate thus increasing their power over trade and diminishing the element of capitalism that existed previously. As government grows capitalsm dies. The more power you give to consumers to decided what goods they will consume the more capitalism you have.

Its hard to say more capitalistic than... but those are the main concepts

Answer 2

#1 - It's freedom. It's the distributed control of capital. It always has been. That means we each get to freely decide whether to enter into a transaction with another party or not.

#2 - It's value creation. Whenever two parties enter into a transaction, both sides aim to come out better than they were before. For example, when you're hungry a $2 loaf of bread is much more valuable to you than having $2 in your pocket. You exchange the $2 for the loaf of bread, you gain value by having something to eat and the breadmaker gains value by having money to go buy more materials to make more bread and take some for himself. Now multiply the value created in each transaction by billions of transactions and you get a lot of value added - which translates to higher standard of living.

Answer 3

I'm guessing, but capatilism sounds like its the ability of the rich to get richer.

Answer 4

Capitalism usually, American capitalism in particular, is selfish. it extremely is all relating to the guy. that's narcisistic, the place finding out to purchase/gathering wealth via screwing others is seen as a distinctive function. somebody forgot to tell united statesa. that outer tutor is a bad replace for inner wealth, yet then in keeping with possibility purely undesirable human beings say that eh?

Answer 5

capitalism in american and the rest of western society means you can make money without haveing to work for someone else, or even without having to work.

Answer 6

Capitalist is the notion of working and money exchanging hand.