Does capitalism mean...?

Question

does capitalism mean that some people get more because they have worked harder and made an effort and some people get less because they havent worked?

Answer 1

No, but it is close to the idea. Wages in a perfectly competitive market would equal the worker's "marginal product of labor." Workers whose skills add substantial value would be rare, and as such, be paid more. They cannot earn more than the employer charges for the service, nor can they infringe upon rental rates for the employer's capital. So, an NFL football player, because their skill is relatively rare, and people value their service, should make a tremendous return. If anyone could do it, the wage would be quite low.

So some people can actually work less, and make more, if the value they add is so significant and they are difficult to replace.

Conversely, you could work sixty hours a week as a janitor and never get ahead. Almost anyone could be a janitor, including the NFL player, so wages are low. So, in a perfectly competitive labor and capital market, what you get is based upon consumer demand for your services and labor supply available to fill those services.

The point in capitalism is to make yourself scarce.

Answer 2

No, it means that if you have lots of money you can have even more but if you don't have many money you'll be working 8 hours per day to survive.

The opinion you suggest is completely wrong cause the poor people are always working much harder than the rich but still they remain poor. And the rich can buy a company and become even richer.

Capitalism means that the rich are getting richer and the poor poorer

Answer 3

Without quoting an answer you can easily up look online It is a fiscal idealogy, that believes in the Privatization of capital, (land, labor, and the means of production) it emerged from Mercantilism and classical economics schools of thought Functions through (markets controlled by) supply and demand

Answer 4

Capitalism is a political system viewpoint within Democracy that justifies economic class systems such as upper class, middle class and lower class and the inherent rights and responsibilities of each group and the power struggles between the three groups. For instance, there are more practical stresses for the lower and middle classes that keeps thier focuses on practical issues such as health, housing; while the upper class is more focused on getting what they want, when they want.

Answer 5

Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.

Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the public with plain clothes agents, (with covert fake names and fake backgrounds).

Actual economics involves the persons paying the monthly business loan payments of companies voting at work in order to control the property they are paying for.

Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.

Answer 6

Capitalism means poverty as because it creates opportunity for the rich. Rich people are not always hard worker. Farmers work hard in third world countries but they are poor.

Answer 7

capitalism

Answer 8

Capitalism is an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

Answer 9

Often that is correct, but sometimes it can mean that CEOs and the like take more than there fair share of profits, and have a salary gap between their lowest employees that is staggering. That is normal to some extent, but it wasn't like that yesterday....

Answer 10

Not quite.

It depends on where you start. It depends on what studies you do. And of course WHAT you do. A manager doesn't do **** all day and gets way more than a poor honest working man does.