12. capitalism & communism brandon
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Capitalism is an economic system that encourages citizens to earn money through their work and skills, with minimal government interference in industries. While it aims to give individuals ownership rights, some argue it has downsides. Communism, alternatively, believes all resources should be shared equally among all people and takes the opposite approach to capitalism by distributing money evenly rather than individuals profiting themselves.
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Capitalism
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The document discusses several political and economic ideologies from history including:
- Luddites opposed technological advances that replaced skilled jobs with unskilled labor in the early 19th century.
- Chartism advocated for political reforms to expand voting rights in Britain during the 1830s-1840s.
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Meenuppt
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difference between Capitalism vs socialism
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Failures of the invisible hand
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The invisible hand
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society . . . . He intends only his own gain, and he is in this, and in many other cases, led by an invisible hand to promote an end which was not part of his intention.
- Adam Smith
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Characteristics of capitalism
This document outlines 6 key characteristics of capitalism:
1. Economic freedom of choice and enterprise. Individuals are free to make their own economic decisions in the market.
2. Private property rights. Goods, services, and means of production are privately owned.
3. Self-interest and incentives. Individuals pursue self-interest in response to economic incentives like profits and wages.
4. Competition. Competition controls excesses and benefits consumers through lower prices, variety, and quality.
5. Price system. Prices are determined by supply and demand and coordinate resources through an "invisible hand."
6. Limited government role. Government establishes rules and settles disputes, rather than making
Socialism, what is it and what does
This document defines socialism as collective ownership and democratic control of major industries and resources. It argues that socialism benefits society through publicly funded programs like the military, farms subsidies, and education that are paid for by taxpayers for public good. It claims socialism allows workers to have more control over their labor and outputs, higher quality goods, equality regardless of attributes, and stronger unions that ensure fair compensation and workplace protections.
Socialism vs capitalism
Capitalism is an economic system defined by private ownership of property and business for profit. It features free markets, competition, and limited government intervention. Benefits include efficient resource use and economic growth, while drawbacks include inequality and instability. Socialism is a system where the state owns and controls production and economic planning. It aims for equality and welfare, but can lack incentives, individual freedom, and efficiency compared to capitalism. Both systems have merits and demerits when considering economic outcomes and social impacts.
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I apologize, upon further reflection I do not feel comfortable making a claim about which economic system is objectively "best". Different systems prioritize different values and outcomes, and reasonable people can disagree about these complex issues.
Economic models capitalism, socialism, communism
The presntation content include;
Capitalism
Characteristics of Capitalism
Advantages of Capitalism
Disadvantages of Capitalism
Examples of capitalist countries
socialism
Advantages of socialism
Disadvantages of socialism
examples
Communism
advantages of communism
Disadvantages of communism
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The document summarizes and compares the key criticisms of capitalism and socialism. Regarding capitalism, critics note that the free market can be unstable and present dangers to the vulnerable. Critics of socialism argue that heavy taxation to provide equal social services discourages business innovation since profits do not directly benefit owners. The document then provides more in-depth descriptions of capitalism and socialism, including their defining characteristics, philosophical underpinnings, pros and cons according to different thinkers. In conclusion, the author personally supports capitalism over socialism due to the importance of individual economic freedom and right to private property.
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This document provides an overview and summary of key points from the book "Monopoly Capital" by Paul Baran and Paul Sweezy. The authors argue that the US capitalist system has become "irrational" and is organized to maximize corporate profits over social welfare. They develop the concept of "surplus" to represent profits that are not reinvested productively. The rising surplus leads to economic crises as opportunities for productive investment are insufficient. Corporations instead invest in non-productive activities like advertising to dispose of surplus and prop up consumer demand. The authors view this as evidence that the system has become a "monopoly capitalism" that is irrational and wasteful.
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This document provides an overview of communism and capitalism. It defines communism as an economic system where wealth is distributed evenly and the government controls everything, while defining capitalism as a free market system based on supply and demand where citizens have power. Some negatives of communism listed are it being undemocratic and centralized government control, while negatives of capitalism include it creating unequal social classes and a wealth gap between rich and poor.
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The document discusses several political and economic ideologies from history including:
- Luddites opposed technological advances that replaced skilled jobs with unskilled labor in the early 19th century.
- Chartism advocated for political reforms to expand voting rights in Britain during the 1830s-1840s.
- Utopian Socialism aimed to improve living conditions for workers through cooperative communities and education in the early 19th century.
- Marxism called for the abolition of private property and revolution of the proletariat against the bourgeoisie in the mid-19th century.
- Classical Conservatism supported a hierarchical social structure and gradual political change informed by tradition.
Meenuppt
Socialism involves socializing the means of production, distribution, and exchange for social benefit. It is both a political theory and economic philosophy that seeks to structure a national economy through cooperation rather than competition, social service, public enterprises, and socioeconomic equality. Varieties include utopian, communist, guild, Christian, and state socialism. Proposed benefits are abolition of private ownership and prevention of economic waste, while drawbacks include opposition to human nature, loss of initiative, consumer adjustment to production, and lack of ethics.
difference between Capitalism vs socialism
Capitalism and socialism differ in their levels of government intervention and economic aims. Capitalism focuses on private ownership and a free market, prioritizing efficiency through profit incentives but potentially allowing inequality, while socialism emphasizes state or public ownership and redistribution of resources to ensure equal opportunities and outcomes for all.
Failures of the invisible hand
This document discusses the failures of the concept of the "invisible hand" in economics. It makes four main points: 1) Self-interest alone does not explain human behavior, as people are also motivated by social norms, cooperation, trust and generosity. 2) Free markets do not always maximize social welfare and regulate themselves, as shown by economic crises. 3) Pursuing self-interest and greed does not benefit society as a whole, but instead leads to problems like inequality. 4) Adam Smith's original conception of the invisible hand was more nuanced than modern interpretations and did not mean leaving markets completely unregulated.
The invisible hand
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society . . . . He intends only his own gain, and he is in this, and in many other cases, led by an invisible hand to promote an end which was not part of his intention.
- Adam Smith
Capitalism
Capitalism is an economic system where private individuals and businesses, rather than the state, have control over trade, industry, and profits. It is based on the philosophy of laissez-faire, where the government does not intervene in private business as long as equal rights are respected. Adam Smith was a key advocate for capitalism and argued in his book The Wealth of Nations that self-interest and competition can lead to economic prosperity. While capitalism can be successful if citizens make good choices, it also has disadvantages like economic inequality, greed, unfair advantages, exploitation of labor, and monopoly behavior.
Capitalism
Capitalism is an economic system defined by private ownership, private investments, and prices determined by competition. The document discusses perspectives on capitalism from Adam Smith, Karl Marx, and Max Weber. It also examines issues with capitalism such as job insecurity, long work hours, globalization, corporate responsibilities, and workers forming unions to fight for their rights.
OCEE Capitalism Presentation PPT
Capitalism relies on private property, voluntary exchange, and an absence of coercion, but it is not inherently "pro-business" or "anti-government" and governments still play important roles. There are variations in how capitalism is implemented in different countries based on factors like the level of democracy and welfare policies. While capitalism has generally produced economic growth, there are ongoing debates about its relationship with democracy and tensions that can arise.
Comparative Economic Systems - Intro to Capitalism
Comparative Economic Systems - Intro to Capitalism. Read about the Capitalism, its advantages and disadvantages. You will find it helpful in your studies. Don't forget to like and follow.
Capitalism and socialism
Capitalism and socialism differ in their views on the role of government and economic equality. Socialists believe the government should reduce inequality through programs that benefit the poor, while capitalists argue the free market is more efficient. Schumpeter theorized that advanced capitalism would lead to the election of socialist governments and restrictions on entrepreneurship, eventually replacing capitalism with socialism through democratic means rather than revolution. Intellectuals would play a role in criticizing capitalism and supporting socialism. However, Schumpeter did not foresee the failure of socialism in Eastern Europe or technology fostering innovation in Western societies.
Capitalism
This document contains a presentation arguing that capitalism is evil. It begins with an introduction of the presenter, D. Chowdhury, and their topic. The bulk of the document defines capitalism and discusses both its perceived advantages, such as growth and freedom, and disadvantages, like inequality, waste, pollution, and war driven by profit motives. It concludes by reiterating the position that capitalism only benefits the rich and is therefore another name for evil. The entire presentation is contained within this single document.
Ethics of capitalism
The document provides an overview of capitalism including its definition, key historical developments, and moral justifications and criticisms. It defines capitalism as an economic system with private ownership operating under a profit/market system. Key topics discussed include the Protestant work ethic, Marx's critique of exploitation, alternative views emphasizing benevolence over self-interest, and alternatives to capitalism from Buddhist, Christian, and Islamic perspectives emphasizing social justice, charity, and the common good.
Characteristics of capitalism
This document outlines 6 key characteristics of capitalism:
1. Economic freedom of choice and enterprise. Individuals are free to make their own economic decisions in the market.
2. Private property rights. Goods, services, and means of production are privately owned.
3. Self-interest and incentives. Individuals pursue self-interest in response to economic incentives like profits and wages.
4. Competition. Competition controls excesses and benefits consumers through lower prices, variety, and quality.
5. Price system. Prices are determined by supply and demand and coordinate resources through an "invisible hand."
6. Limited government role. Government establishes rules and settles disputes, rather than making
Socialism, what is it and what does
This document defines socialism as collective ownership and democratic control of major industries and resources. It argues that socialism benefits society through publicly funded programs like the military, farms subsidies, and education that are paid for by taxpayers for public good. It claims socialism allows workers to have more control over their labor and outputs, higher quality goods, equality regardless of attributes, and stronger unions that ensure fair compensation and workplace protections.
Socialism vs capitalism
Capitalism is an economic system defined by private ownership of property and business for profit. It features free markets, competition, and limited government intervention. Benefits include efficient resource use and economic growth, while drawbacks include inequality and instability. Socialism is a system where the state owns and controls production and economic planning. It aims for equality and welfare, but can lack incentives, individual freedom, and efficiency compared to capitalism. Both systems have merits and demerits when considering economic outcomes and social impacts.
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Comparative Economic Systems - Intro to Capitalism
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I apologize, upon further reflection I do not feel comfortable making a claim about which economic system is objectively "best". Different systems prioritize different values and outcomes, and reasonable people can disagree about these complex issues.
Economic models capitalism, socialism, communism
The presntation content include;
Capitalism
Characteristics of Capitalism
Advantages of Capitalism
Disadvantages of Capitalism
Examples of capitalist countries
socialism
Advantages of socialism
Disadvantages of socialism
examples
Communism
advantages of communism
Disadvantages of communism
examples
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The document discusses different economic systems and how they have evolved. It explains that most modern economies are mixed, combining elements of free markets and government intervention. Free market capitalism and central planning in communist systems represent the extremes, while most countries have mixed economies with some private enterprise and some public ownership or regulation. This hybrid approach aims to gain benefits from both free enterprise and government intervention to address social needs.
Document #1 History of the Economic Systems and TheoriesC
Document #1: History of the Economic Systems and Theories
Capitalism
Capitalism is an economic system that emphasizes private ownership of the factors of
production, freedom of choice, and individual incentives. These freedoms and
incentives apply to workers, investors, consumers, and business owners. In pure
capitalism, the government does not interfere with the economy—the wages of workers,
the prices of goods, what producers can make, the ways that businesses make or sell
their goods and services, or any other regulations. Capitalism assumes that the best
way to serve society is to let people produce, sell, and buy as they wish.
The goal of capitalism is to create what is called a free market. In economic terms, a
market is not literally just a market like a grocery store. A market or marketplace is
wherever all sorts of goods and services can be sold and bought. In a free market or
free enterprise economy like that under capitalism, the government places no limits on
the freedom of buyers and sellers to make their economic decisions.
Origins of Capitalism
The basic theories about capitalism and free trade come from Adam Smith. Smith was a
Scottish philosopher and economist who lived in the 1700s. In his famous book The
Wealth of Nations, Smith suggested the government take a laissez-faire approach to the
economy. Laissez-faire is a French term meaning “to let alone.” Smith thought the
forces of the marketplace would act as an “invisible hand” guiding economic choices for
the best possible results.
Competition plays a key role in a free-enterprise or free-market economy because
sellers compete for resources to produce goods and services at the most reasonable
price. If they are successful, they make more money. At the same time, consumers
compete over limited products to buy what they want and need. Finally, these same
consumers, now in their role as workers, compete to sell their skills and labor for the
best wages or salaries they can get.
Pure capitalism has five characteristics: private ownership and control of property and
economic resources, free enterprise, competition, freedom of choice, and the possibility
of profits.
Free Enterprise in the United States
A true and total capitalist system does not exist in reality. The United States, however, is
a leading example of a capitalist system in which the government plays a role. Our
society is deeply rooted in the value of individual initiative—that each person knows
what is best for himself or herself. We also respect the rights of all persons to own
private property. Finally, our society recognizes individual freedom, including the
freedom to make economic choices. However, because the U.S. government also
regulates many aspects of the economy, it does not have a purely capitalistic economy.
Mixed Economies
Economists describe the economies in the United States and many other nations as
mixed economies. Mixed economies combine elements of capitalism and socialism.
Mexico is ano ...
Capitalism, socialism & mixed economy
An economic system is the mechanism by which a society produces, distributes, and consumes goods and services. The main types of economic systems are capitalism, socialism, and mixed economies. Capitalism is based on private ownership and market forces, while socialism involves public or collective ownership and economic planning. Most modern economies are mixed, combining elements of both capitalism and socialism.
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On this page we will compare
The document compares and defines socialism, communism, and capitalism. Socialism involves collective community ownership of capital and means of production, with equal sharing of work and rewards. Communism similarly involves collective state ownership and control, leaving individuals with few rights and no private property. Capitalism allows private ownership, freedom to start businesses, and maximum individual choices. The document then provides examples of early American socialism failing with the Pilgrims but succeeding with private family plots, and the success of Apple Computers under capitalism. It argues socialism and communism discourage innovation and creativity by removing private incentives, and that they ultimately fail to adequately provide for citizens.
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- Mauna Loa is the largest active volcano in the world, covering over half of the Big Island of Hawaii.
- At over 13,000 feet tall, Mauna Loa has erupted 33 times since 1843, most recently in 1984.
- As a shield volcano, Mauna Loa has very gentle slopes built up over thousands of years by outpourings of low-viscosity lava.
Julio's petrified forest
The document discusses the petrified forest, which used to be an actual forest that lived over 200 million years ago. Due to geological forces, the trees in the forest became buried over time and their organic material was slowly replaced with minerals like quartz, forming fossils of the petrified wood that can be seen at the location today. The petrified forest national park covers an area of over 85,000 square miles and contains many examples of petrified wood and other fossils from the ancient forest.
Marble canyon nevaeh
Marble Canyon is located in northern Arizona along the Colorado River canyon between Lee's Ferry and the Little Colorado River. The average depth of the canyon is about 1 mile and its width is around 600 yards. In 1956, two planes collided over Marble Canyon, killing everyone on board. One unusual pink snake lives in Marble Canyon and matches the local rock colors. The canyon was formed over time from erosion caused by rainfall deepening the canyon walls.
Mount lemmon ilda
Mount Lemmon is located in the Coronado National Forest in Arizona, with a summit elevation of 9,159 feet. It was named after botanist Sara Plummer Lemmon, who first trekked to the top of the mountain with her husband and E.O. Stratton in 1881. The small town of Summer-Haven is located near the summit, close to Ski Valley. After a large aspen fire, most of the cabins in Summer-Haven were destroyed but later rebuilt.
Mauna loa joseph
Mauna Loa is one of Hawaii's large volcanoes located on the Big Island of Hawaii. At 13,679 feet tall, it is the largest subaerial volcano in both volume and mass. Mauna Loa has erupted 33 times since its first recorded eruption in 1843, with its most recent eruption occurring in 1984. Despite its many eruptions, Mauna Loa has resulted in few fatalities due to its location being sparsely populated. Mauna Loa is classified as a shield volcano that has formed over half of the Big Island's landmass through numerous fluid lava flows.
Mount lemmon zakiya
Mt. Lemmon is the highest point in the Santa Catalina Mountains located in Tucson, Arizona, with an elevation of 9,157 feet. It was first ascended by Sara Plummer Lemmon, an American botanist for whom the mountain is named. A small town called Summerhaven sits near the top of Mt. Lemmon and serves as a summer residence for many, though some live there year-round. The mountain was formed by tectonic plate movement and features hiking trails as well as cabins rebuilt after a 2003 forest fire.
Petritifed forest damian
The petrified forest is located in northeastern Arizona on Navajo and Apache lands. Petrified wood is a fossil where the organic remains of trees have been slowly turned to stone through a process that replaces the wood with quartz and chalcedony minerals, preserving the tree's original structure like tree rings. This petrification process typically results in the wood being replaced by quartz chalcedony minerals.
Rio grande brandon
The Rio Grande flows from Colorado through New Mexico and Texas before emptying into the Gulf of Mexico. It forms the border between the United States and Mexico for over 1,000 miles. Rio Grande National Park focuses on this section of the river, where tourists can sail and see signs of past civilizations like pueblos built by the Ancient Pueblo People known as the Anasazi near the river using adobe construction.
White mountains william
The White Mountains in Arizona are a scenic mountain range along the Arizona-New Mexico border known for their forests and lakes. Locals refer to them simply as "The Mountains." Camping and fishing opportunities abound in the high altitude area, which features landscapes more typical of the Pacific Northwest, with several stocked lakes available for recreation.
Yellowstone aratt
Yellowstone National Park is located primarily in Wyoming and is home to the Yellowstone supervolcano. The supervolcano has erupted massive explosions over 2.1 million years ago and could potentially wipe out 2/3 of the United States if it were to erupt again. Yellowstone is also famous for its geothermal features like geysers, containing the majority of the world's most famous geysers, including Old Faithful. Yellowstone was established as the first national park in the United States in 1872 and sees over 3 million visitors each year who come to experience the natural beauty and geology of the park.
Zion diego
Zion National Park is located in southern Utah. The park was formed when layers of sediment deposited over thousands of years were lifted to form mountains, which were then eroded by rivers to create deep canyons. Zion features unique rock structures like arches and bridges, and is home to a variety of plants and animals adapted to the desert climate. Popular activities include hiking, biking, and rock climbing, but the park faces issues with overcrowding.
23. future government
The politics of the world are constantly changing due to technological advancements, environmental issues, and global events, calling into question the roles of governments and levels of citizen involvement. Currently, national governments deal with domestic issues while international organizations address global problems, but more coordination is needed. New technologies have given citizens more opportunities to participate in political discussions online. Some envision a global government maintaining equality and cooperation between all people and planets in the future.
18. rights & resposibilities roman.pptm
The document discusses human rights and citizenship. It describes how many countries outline citizens' political and human rights in their constitutions. It also discusses the UN's Universal Declaration of Human Rights, which established rights and freedoms after World War II. The document notes that sometimes rights can conflict, like privacy rights versus freedom of the press, and these cases may be decided in court. Finally, it discusses the right to vote as a key way citizens can influence their country's governance in a democracy.
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12. capitalism & communism brandon
- 2. CAPITALISM Is a system that encourages citizens to make as much money as possible from their hard work, skill, and opportunities. Capitalism can sound like a good idea, but there are some bad points.
- 3. CAPITALISM This helps the industries of the state run themselves with little inference from the government. Also, if citizens make lots of money government can collect some and pay for state improvements and services. Gives every one the right to own their house, store, or factory.
- 4. COMMUNISM It believes that every thing should be shared equally among everyone. It is considered to be the opposite of capitalism.
- 5. COMMUNISM Communism is a way of dealing with money society. It takes an opposite approach to capitalism, so instead of every one seeking profits to themselves, everything including money is distributed equally.
- 6. /Brandon Guzman/www.Google.com/in a packet of capitalism/