XIIA4 Assignment

First, we must know about Indonesia's economy system. Indonesia's economy system is called "Pancasila" economy system. It is a mixed economy system, the way of this economy system is the resources which is important for the living of many people such as water, electricity, and gas is managed by the goverment. Besides that, the resources which are not inside the category from above such as souvenirs from food or materials, building material, and etc. are managed by private company. The simple definition of capitalism is all of the resource must be managed by private companies. There are many positive and negative effects for capitalism in Indonesia. The positive side is the private companies can make a lot of income from selling oil and freshwater. They also can make new opportunity from selling new things, such as above. But the negative effects are pretty bad. First, because the resources which are important for living is managed by private companies, the poor peop...

If the “First World country” was a utopia filled with children running around happily, then the “Third World country” would be a no man’s land loaded with hunger, poverty, and degradation. All these problems are rooted at the same point – economy. Everything in this world, including human’s basic needs, is obtainable by the cause of money nowadays. To solve the problems, “Third World countries” need to be richer, which referring to the economic system that is adopted. And if I were a king to my people, I would join the capitalism to deal with these Third World challenges. Capitalism, is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. The factor of productions are completely owned and ran by private company for the matter of production. Economic activities are mainly controlled by the dynamic fluctuation of the market — supply and demand constantly change the price of the goods. Gove...

Before talking  my opinion about capitalism, it's good to examine a little about the meaning and history of  capitalism. Capitalism comes from the word capital which means principal capital in commerce, while the person who carries out or groups that carry it out are called capitalists, while capitalism itself is a system and understanding of the economy (economy) whose capital (capital investment, industrial activity) originates in private or capital  capital  private capital companies with competitive characteristics in the free market. Some experts define capitalism as a system that came into effect in Europe in the 16th to 19th centuries, namely in the era of European commercial banking where a group of individuals and groups can act as certain bodies that can start and trade private property, especially capital goods. Individual freedom in the ideology of capitalism is upheld, this is one of the advantages of using the ideology of capitalism in the life ...

Elizabeth Valerie Raing XIIA4-14 “ The earth provides enough to satisfy people's needs, not all greed. ” By Adolf Hitler Capitalism is an economic and political system in which a country's trade and industry are controlled  by private owners for profit, rather than by the state. According to capitalism figure Adam Smith, human are greedy creatures and always want more. The ideology of capitalism makes people have to divide social groups based on caste. this causes a social gap between bourgeois society and the poor. This phenomenon usually can be seen in " Third World ".  I really don’t agree with capitalism cause first of all capitalism profits before people.  Prior to industrialization you desperately needed people for any kind of power, so the elites had certain responsibilities toward the people if they wanted to maintain power. Workers may be exploited for the benefit of the wealthier capitalists. Social benefit ignored. A free mar...

Whether to Join Capitalism or Not ?                 As we know, in this world consists of people who are sufficient and needy. Just as we talk about "Developing Countries", there are still many people out there who live without food, drink and education. Thirty-eight years ago the world was divided into 3 worlds. The first world consisted of rich countries from western Europe, North America and Japan, while Soviet countries and nearby countries were different worlds. But the third worlds that are "developing countries" must choose which country they go to.                 People in developing countries are increasing their economies as well as developed countries that are both competing to advance the economy. Like the current era that is increasingly changing with increasingly sophisticated technology that requires all countri...

Fransiska / XII MIA4 - 18 In this blog, I will tell you about should we accept capitalism or not. Every people might have different answer, so here is my opinion. But before I declare my opnion, we should know about what is capitalism. Capitalism is an economic system where private entities own the f actor productions . The four factors are entrepreneurship, capital goods, natural resources and labor. The owners of capital goods, natural resources, and entrepreneurship exercise control through companies. The individual owns his or her labor. The only exception is slavery, where someone else owns a person's labor. Although illegal throughout the entire world, slavery is still widely practiced. Capitalistic ownership means two things. First, the owners control the factors of production. Second, they derive their income from their ownership. That gives them the ability to operate their companies efficiently. It also provides them with the in...

Anastasia Febriana B. XIIA4 - 05 One from four people in the world, their income are just less than $1 for each day. But now, only one from 20 people in the world who has no money. This change occurs because of one thing, entrepreneur. This is validated by the notion of capitalism. Capitalism is the paramount economic system because it provides limitless opportunity, encourage innovation and has not been proved inferior (lower rank) to alternative economic system. First, capitalist economic system provide limitless opportunity for each individual. Capitalism is the only economic system which allows every individual an equal chance of success, regardless of social class difference. The guaranteed chance of success provided by capitalism inspires hard work, perseverance and hope. Moreover, capitalism result in the overall increase of innovation and economic growth. In a capitalist driven economy system, consumer make decision on preferences for products and services. The prov...

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, political economists, sociologists and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and state-sanctioned soci...

How to meet the demand of the third world challenge to join the capitalism and its legacy. by Ernest Sia XIIA4 - 15 Third World country has been known with a lot of challenges in many matter such as overpopulation, shortage of food and water, lack of power/power resources, lack of infrastructure (transportation/power transmission/communication/health/education), no social security/benefits/exploitation, corruption and government red-tape, environment degradation, lack of professionals and specialists, and etc. To meet these demand to join the capitalism country wont be easy.  Capitalism have its own characteristics such as lack of government intervention, means of production owned by private firms and goods and services distributed according to price mechanism. Capitalism ensure more room and space (freedom) for not only the government but also for the society. Capitalism also has it own cons such as risk that will arise monopoly or carter, fails to provide equality (of ...

Capitalism is an economic system where private entities own the factors of production. The four factors are entrepreneurship, capital goods, natural resources, and labor . The owners of capital goods, natural resources, and entrepreneurship exercise control through companies. The individual owns his or her labor. The only exception is slavery, where someone else owns a person's labor. Although illegal throughout the entire world, slavery is still widely practiced. The government has little or no control over the market. And the Capitalism prioritizes individual rights, private ownership and free enterprise. And also this system is running in developed countries in the world. Run this economic system bring many advantage and disadvantage. The disadvantage are, first this system is focused on profit. One of the biggest criticisms against capitalism is that it is much too focused on profit. As such, it may lead to social and economic inequality. While some may cons...

Chrissiane XIIA4/ 10 CAPITALISM FOR NEXT GENERATION  Before I explain my opinion about capitalism on third world, I will explain about what is capitalism and world three.   Capitalism is an economic system where private entities own the factors of product. The four factors are entrepreneurship, capital goods, natural resources, and labor.   The owners of capital goods, natural resources, and entrepreneurship exercise control through companies. The individual owns his or her labor.  Third World" is a phrase frequently used to describe a developing nation. Despite its current usage, the phrase "Third World" arose during the Cold War to identify countries whose views did not align with NATO and capitalism or the Soviet Union and communism. The First World described countries whose views aligned with NATO and capitalism, and the Second World referred to countries that supported communism and the Soviet Union. The ca...