This document defines and describes various aspects of capitalism. Capitalism is an economic system defined by private ownership of trade, industries and means of production that are operated for profit. It is based on wage labor, private ownership and production for exchange and profit. Under capitalism, money is invested to generate more money through the process of capital accumulating more capital. Key features include private property, large-scale production, profit as the main motive, competition, and the price mechanism being determined by supply and demand rather than production costs. The document also discusses various forms of capitalism and both pros and cons.

1. CAPITALISM
SUBMITTED BY:-
SHALLY HUNDAL
CMBA5

2. CAPITALISM DEFINATION:
Capitalism is an economic system and a
mode of production in which trade,
industries, and the means of production are
largely or entirely privately owned and
operated for profit.

3. CAPITALISM
IT IS AN ECONOMIC SYSTEM
BASED ON 3 THINGS:
• WAGE LABOUR
• PRIVATE OWNERSHIP
• PRODUCTION FOR
EXCHANGE AND
PROFIT

4. CAPITALISM
CAPITALISM IS BASED ON A SIMPLE
PROCESS –
MONEY IS INVESTED TO
GENERATE MORE MONEY.

5. CAPITALISM
CAPITAL:
• WHEN MONEY FUNCTIONS LIKE
THIS, IT FUNCTIONS LIKE CAPITAL.
EG: WHEN COMPANY USES ITS
PROFIT TO HIRE MORE STAFF OR
OPEN NEW PREMISES AND MAKE
MORE PROFIT.

6. CAPITALISM
FEATURES OF CAPITALISM:
• PRIVATE PROPERTY: NOT OWNED
BY THE GOVERNMENT.
INDIVIDUALS OWN PROPERTY AND
RESOURCES.

7. CAPITALISM
• LARGE SCALE PRODUCTION::
CAPITALISM AROSE AS A RESULT OF
INDUSTRIAL REVOLUTION WHICH
MADE LARGE SCALE PRODUCTION
POSSIBLE. MORE PRODUCTION
MEANS WIDER USE OF CAPITAL AND
LEAD TO MORE PROFITS.

8. CAPITALISM
• PROFIT AS KEY MOTIVE:
MONEY LEFT OVER CAN BE SPENT
IN ANY WAY THE MANUFACTURER
WANTS.
PRODUCTION UNDER CAPITALISM IS
PROFIT-ORIENTED.

9. CAPITALISM
• COMPETITION:
IN CAPITALISM THERE IS
EXTREME COMPETITION
BETWEEN CAPITALISTS.
DEMAND IS ARTIFICIALLY
INCREASED AND SUPPLY IS
DECREASED. THERE IS CUT THROAT
COMPETITION UNDER CAPITALISM.

10. CAPITALISM
• PRICE MECHANISM:
IN CAPITALISM THE PRICE OF A
ACCOMODITY IS DETERMINED NOT
BY THE COST OF PRODUCTION BUT
BY THE LAW OF DEMAND AND
SUPPLY.

11. CAPITALISM
WAGE INSTITUTION:
THE OBJECTIVE OF THE CAPITALIST
IS TO PAY AS LESS WAGES AS
POSSIBLE AND TO TAKE AS MUCH
WORK AS POSSIBLE OUT OF HIM.

12. CAPITALISM
• MONEY AND CREDIT:
IN CAPITALISM INSTITUTION OF
CREDIT HAS BECOME
IMPORTANT.HE CAPITALISTS GET
MONEY ON LOAN AND DEVELOP
THEIR BUSINESS.

13. CAPITALISM
• LAISSEZ – FAIRE COPETITION:
THERE IS NO GOVERNMENTAL
CONTROL OVER THE FORCES OF
PRODUCTION, DISTRIBUTION AND
EXCHANGE. IT IS CONTROLLED BY
THE FORCES OPERATING
IN MARKET.

14. CAPITALISM
• RESPONSIBLE CAPITALISM:
IT IS ESSENTIALLY A FREE MARKET
ECONOMY. BUT WITH A DEGREE OF
GOVERNMENT REGULATION TO
AVID THE EXCESSES AND
INEQUALITIES OF CAPITALISM.

15. CAPITALISM
• TURBO CAPITALISM:
REFERS TO AN UNREGULATED FORM
OF CAPITALISM WITH FINANCIAL
DEREGULATION , PRIVATISATION
AND LOWER TAX ON HIGH EARNER.

16. CAPITALISM
• CRONY CAPITALISM:
A TERM USED TO REFER TO THE
SITUATION WHERE BUSINESS
SUCCESS IS RELATED TO STRATEGIC
INFLUENCES WITH CIVIL
SERVANTS, POLITICIANS AND THOSE
IN AUTHORITY.

17. CAPITALISM
• STATE CAPITALISM
IT OCCURS WHEN STATE OWNED
INDUSTRIES PLAY A KEY ROLE
WITHIN THE MARKET ECONOMY.

18. CAPITALISM
PROS OF CAPITALISM:
• HEALTH
• SOCIAL GOOD
• BEING THE BEST
• FREEDOM
• ECONOMIC GROWTH
• EQUALITY

19. CAPITALISM
CONS OF CAPITALISM:
• WASTE
• STARVATION
• DANGER
• PROPAGANDA
• POLLUTION

20. CAPITALISM
FUTURE OF CAPITALISM:
CAPITALISM HAS ONLY EXISTED
AS DOMINANT ECONOMIC SYSTEM
ON PLANET FOR A LITTLE OVER
200 YEARS.

21. CAPITALISM
IT IS ENTIRELY RELIANT ON US,
THE WORKING CLASS AND
LABOUR WHICH IS MUST EXPLOIT
AND SO IT WILL SURVIVE AS LONG
AS WE LET

22. CAPTAINS OF CAPITALISM
ANDREW JP MORGAN JHON D.ROCKEFELLER

23. THANK YOU