Benefits and Challenges of OER by Shweta Babel.pptx
Capitalism : Curse or blessing ?
1. Welcome To Our Presentation
Capitalism : Blessing or Curse?
2. What is Capitalism ?
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. Types of capitalism
• There are two types of capitalism. Those are-
1.Classical Capitalism
2.Monopoly Capitalism
4. Characteristics of Capitalism
• Free Enterprise
• Property Rights
• Minimal Government Involvement
• Profit Motive
• Technological Advancement
• Two class system
6. Advantages of Capitalism
• Reduction in cost of production due to efficient control
• Efficient control of production process
• Improved quality of goods
• Consumer’s choice is given full weight
• Varieties of products
7. Disadvantages of Capitalism
• Inequality in the distribution of national wealth
• Fluctuations in the level of employment
• Class conflicts
• Waste of talents
• Heavy expenses on publicity result into increase in cost and price of the
commodity
8. Capitalism and its effects on Bangladesh
• In 2014 spring, Pew Research Centre conducted a survey which was observed
between 44 countries worldwide and Bangladesh appeared as the 2nd most
supportive of free market trade.
• In comparison to neighboring countries Pakistan and India, Bangladesh appeared
as the most trade and foreign investment friendly country in the South Asia.
• Bangladeshis appear as positive and optimistic on foreign trade and open market
business system and 91% people are happy to have it.
• Bangladeshi Economy has flourished in the last two decades in the garments
sector and became an export oriented economy appearing as world’s 2nd
garments exporter right after china.
• About 5000 factories opened job opportunities for more than 4 million
Bangladeshis, mostly women supply on worth of exports all over the world.
10. Concluding on Capitalism
Capitalism has both the good and the bad sides. Balanced capitalist system
is always best for advancement of a country but when it comes to
unbalanced and unplanned capitalist state it brings doom.
-Unplanned capitalism results in loss of control over the economy
-Planned capitalism flourishes the economy so assuming the consequences
and the rewards of capitalism we can come to the decision that, as long as it
is monitored and, controlled and watched over by the and the government it
is always good.
