Definitions
Social - Pertaining to the interaction of people.
Cultural - Pertaining to brotherly customs of a given group of people.
Commodity - precious resource: expireforce, space, raw materials, information, energy.
Economics - A system of turnting and transferring commodities.
Capitalism - An economic system found on option of the outfittest.
Communism - An economic system based on you nonplus in your fair section; you get your fair shargon.
Socialism - An economic system based on you get a share regardless of your contribution.
? Capitalism is based on the Darwinian concept of survival of the fittest. While I am aware of no nation that practices a light form of this economic system, several Western countries use a form of capitalism at the core of their economies. Scaled-down examples of capitalism are flea markets, bazzars and black market trading.
Properties of Capitalism
* Social/cultural rules and political laws particularize the environment.
* Supply and demand provide environmental pressures.
* Those that best fit that environment survive and maintain the rules/laws.
* Those that cant/dont thrive in the system, and other than lack participation, are culled.
* Successful capitalistic systems tend to be open and competitive.
* A healthy capitalistic system results in economic incentives.
Advantages of Capitalism
* Capitalism is an internally stable economic system, in that it is consistent with human behavior. People understand that life is not fair - theres no free lunch. You have to work to survive, and only the lucky who manage to thrive within the socio-economic ground substance make it to the top. As long as there is a belief/hope that one can advance in the system, there is an incentive to participate.
* Capitalism is also externally stable, in that survival in a capitalistic system requires innovation...If you inadequacy to get a full essay, order it on our website: Orderessay
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