what is capitalism?

Question

does anyone one know what capitalism is. would clinton cards and tesco be capitalists.

Answer 1

I have two apples, you have none. You want one of my apples, so I sell you one of them. That is capitalism.

Anyone who has what someone else wants and is willing to sell it to make a profit is a capitalist.

Answer 2

Capitalism is an economic theory that allows a person to sell his or her possessions to anyone he or she chooses. Capitalism touts freedom of competition, (anyone can sell anything at the price they chose, regardless of who's selling it) the right to keep ones own profits, instead of giving them to the government, and the right to own personal property.

Clinton Cards, and Tesco are defiantly capitalist. They both make profit (capital) and trade with whoever they want freely. Britain on the whole is Capitalist.

The alternatives to Capitalism are Socialism, where the government owns commodities and the citizens own the government, and Communism, which is similar. Socialism is more directly democratic than Communism, but Communism is based on the principle that the best person for the job gets the job, and therefore, democracy is kind of irrelevant. In both Communist and Socialist states, capital (property and money) belong to the government, and trade is regulated. Socialism is less intense than communism, and as a result things like medical care can be socialized, the government owns it, there is no corporate profit to be made, and the citizens pay into it and get care for free.

Answer 3

Capitalism is an economic system in which the means of production are mostly privately owned, and capital is invested in the production, distribution and other trade of goods and services, for profit in a competitive hypothetical free market. These include factors of production such as land and other natural resources, labor and capital goods. Various theories have tried to explain what capitalism is, to justify, or critique the private ownership of capital, and to explain the operation of markets and guide the application or elimination of government regulation of property and markets. However, this can be controversial because there are and have been forms of capitalism which use some state ownership such as Keynesianism, New Deal, and forms of Social Democracy. Some would not agree that such systems constitute a "free market" but are arguably capitalistic in nature.

Answer 4

Capitalism is a society based on private ownership, competition and allowing market forces to determine prices and output quantities. It defines itself in contrast to the 20th century system of the Soviet Block and other state-owned industry based societies (and sometimes in contrast to feudalism). So it is also based on the idea of a labour market, where people are free to choose who to employ and where to seek work.

The owner of each and every company, and the owner of any piece of land, is a capitalist - he or she decides what to do with their property, based on current market prices and various projections on how to get the most return on your investment.

Capitalist societies rely on competition to ensure that goods stay cheap for the consumer. Monopolies and cartels are therefore to be avoided.

The main criticisms of capitalist societies are that they can sometimes leave unscrupulous (or oversized) companies to do things that a good system of laws and enforcement through the regulators could have prevented; and that it benefits the rich most (who can make a living off owning companies and company shares), while making employees accept that they are only entitled to a restricted share of the revenues (and no share of the profit).

Answer 5

Capitalism is a form of state based upon free commerce. The government allows companies to do business in their own way and leaves the companies alone.

The expectation is that the companies will do the right thing and protect the environment while building their businesses. Companies are also expected to pay employees fairly and properly so that families can survive on those incomes. Of course, we know that companies are not that responsible in the real world.

If you read Adam Smith's The Wealth of Nations you will learn all about Capitalism.

Take care,
Troy

Answer 6

It is all about buying and selling. Supply and demand. You buy something for £1.00. your friend gives you £2.00. for it. Your friend has what they want. You have made a £.1.00.you are happy. Thats` capitalism. Yes, Clinton Cards and Tesco are capitalists.

Answer 7

Capitalism is one of the greatest evils in the world. It is a system of economy in which capital is privately owned. The bourgeoisie control the means of production and distribution with little or no government interference. IT leads to the bourgeoisie being in tyrannical control and the proletariat being trapped in wage slavery.

Answer 8

An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.


thats capitalism

Answer 9

it is an economic system which makes a private company to produce goods/services in exchange of profits.

Answer 10

thats the oppiste of communism communism bad