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Name Instructor Course Date Capitalism Capitalism is an economic system in which investment goods are owned by private business or individuals (Slaughter et al 810). Supply and demand of goods and services in general market is determined by their production (that is market economy). Capitalism is also called free market economy as well as free enterprise economy since the purest display of capitalism is the free market as all private individuals and businesses are fully not restricted to determine where and how to carry out their business operations. The privet individuals are not restricted on determining what to transact in the market how to carry out their transactions without any control or check out. In the world of business most countries exercise a mixed capitalist system in which government regulates their business transactions determining what to sell and what not even consulting other capitalists. Actually the capitalists competes with each other in the market (Marable & Manning 283). Each capitalist in the society want to maintain a certain rank as a capitalist. The competition pressure makes the capitalists to set high profits thus high prices of their goods which will always favour their production and distribution cost. The above explanation makes capitalism to mean a free market economy. Work Cite Slaughter Sheila and Larry L. Leslie. Academic capitalism: Politics policies and the entrepreneurial university. The Johns Hopkins University Press 2715 North Charles Street Baltimore MD 21218-4319 1997. P.640-1100. Schumpeter Joseph A. Capitalism socialism and democracy. Routledge 2013. P.77-89. Andersen Gosta. The three worlds of welfare capitalism. John Wiley & Sons 2013. P.221-750. Marable Manning. How capitalism underdeveloped Black America: Problems in race political economy and society. Haymarket Books 2015. P.270-520. [...]
Order Description:
be pantual research about capitalism and write a 3 page paper with your own thoughts
Subject Area: Sociology
Document Type: Paraphrasing
