I take a General Business class, but I forgot what capitalism means... I looked for a defintion, but all it had was words I wasn't quite sure about, but there were NO EXAMPLES...
Someone please clarify... Thanks!
2007-12-01 01:01:55 · 15 answers · asked by Anonymous in Social Science ➔ Economics
You can call me lazy if you want to, but I say most of the people on Yahoo Answers are lazy because if they weren't, they'red be nearly no questions asked on here except for in SOME categories... SO SHUT UP & I went to wikipedia, and didn't quite understand.
2007-12-01 01:12:49 · update #1
Capitalism is the practice of entrepreneural free enterprise with the goal of providing services, goods, or products at a profit.
2007-12-01 01:10:21 · answer #1 · answered by Guitarpicker 7 · 0⤊ 0⤋
Boy have you gotten a bunch of crap answers. Never fear, I'm here.
Capital = a big pile of money to be used in funding and expanding business activity.
"Capitalism" then is an economic system that is based on financial and legal frameworks that allow for efficient accumulation, concentration, and distribution of capital to be used in the business world. By its nature this implies there is private ownership of businesses and property, and it strongly implies there are competitive free markets -- and so in common use "capitalism" is used to describe a free market economy with financial systems in place to channel capital to where it is needed.
Some examples of capitalism in action: The whole point of a stock market is so that companies with grand business plans but not enough capital to execute them, can go hat-in-hand to the public and collect little bits of money from lots of people, until eventually they've built up a huge pile of money to spend on the business. The bond market does the same thing a little differently.
Banks do a similar thing, collecting the savings of small savers and directing those funds to business loans.
It's all about harvesting the loose cash people have and concentrating it so as to put it to productive use.
2007-12-01 02:46:39 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
jejeje....take it easy Khamany...
If all here in Answers were experts in economics we were getting money for this...but is a good place to know many points of view and sometimes (a few) the true...
Capitalism is an ECONOMIC SYSTEM where the goal of producers is to accumulate capital..here you do not produce to help someone, you produce to take each day more money (if you can)...This look a black idea an unwashed principle but the history has demonstrated that this is the best way by the society reach the most elevated levels of life...
2007-12-01 02:16:09 · answer #3 · answered by CSI - Economics 4 · 0⤊ 0⤋
This is my take: capitalism is where "capital" i.e. money is a good thing to be strived for by the common person via selling goods, services or talents. This philosophy is contrary to communism and socialism where the government takes all of the money and gives it in dribs and drabs to the common person.
I see what you mean about the definition being hard to understand. Here's the Winkipedia link anyhow.
en.wikipedia.org/wiki/Capitalism
Good luck,
Susan
2007-12-01 01:08:47 · answer #4 · answered by smiday1097 2 · 0⤊ 0⤋
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2016-09-30 09:10:56 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Capitalism is a form of goverment where the middle class do the brunt of the work to support themselves and the lazy bastards on welfare or some other form of social support, while the rich get richer off of their labor.
2007-12-01 01:06:01 · answer #6 · answered by Ape Sith 4 · 0⤊ 0⤋
Legal racketeering. It's a flawed system that works for awhile then collapses under its own weight. However, it is the only viable economic system that panders to the most primitive parts of the human mind and can last for any significant amount of time.
2007-12-01 02:57:45 · answer #7 · answered by Samson 1 · 0⤊ 1⤋
She asked for a FEW words. Capitalism is free and open markets. No other explanation is necessary. Cheers!
2007-12-01 03:34:50 · answer #8 · answered by ChocolateCoveredGoodness 5 · 1⤊ 0⤋
Capitalism is an economic system based on private ownership of capital.
2007-12-01 01:04:32 · answer #9 · answered by Preeminent 3 · 0⤊ 0⤋
Ashley makes it sound like a meritocracy. Under capitalism, profit matters more than people. Look at this picture.
2007-12-01 01:05:02 · answer #10 · answered by Darrell 4 · 1⤊ 0⤋