XIIA4 Assignment

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...

Why must join to capitalism? Capitalism or Capital is an economic system in which trade, industry and means of production are controlled by private owners with the aim of making profits in a market economy. The capital owner can do his business to get the maximum profit. For the sake of this principle, the government cannot intervene in the market for mutual benefit, but government intervention is carried out on a large scale for personal interests. The forms of capitalism are trade capitalism where employers transport production from one place to another according to market needs; industrial capitalism, that is, it separates capital and labor and human beings from machines; a cartel system, where large companies agree on the distribution of international markets; and, the trust system, which is a merger between large companies competing with the aim of controlling and dominating the market. The main characteristics of this ideology are as follows. Cannot grow and develop wit...

Janice XIIA4/21 CAPITALISM : an answer to third world challenge? The third world challenge is something that can no longer be avoided by developing countries like Indonesia. The third world itself consists of developing countries that have low economic levels. The third division of this world has existed since the cold war right after the end of the second world war. This division is based on the ideology and level of the country's economy. The first world consists of countries that have a liberal ideology with a capitalist economic system such as North America, Germany, and Japan. Whereas the second world is countries with a communist ideology with a socialist economic system such as Poland and some of the Turk States. The third world consists of poor countries of former colonies for instance all countries in sub Africa except South Africa, Myanmar (Burma) and others. However after the Soviet Union collapsed, the third division of the world was no longer based on ideolog...

Capitalism or Capitalist is an understanding that believes that capital owners can make their efforts to make the most profit. For the sake of this principle, the government cannot intervene in the market for mutual benefit, but government intervention is carried out on a large scale for personal interests. Even so, capitalism actually does not have a universal definition that can be widely accepted. Some experts define capitalism as a system that came into effect in Europe in the 16th century to the 19th century, namely in the development of European commercial banking where a group of individuals and groups can act as a particular body that can own and trade in property private, especially capital goods, such as land and humans for the process of changing from capital goods to finished goods. To get these capital, the capitalists must obtain raw materials and machinery first, then the workers as machine operators and also to get more value from the raw materials. Capitalism has a l...