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
A presentation about socialism, a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
A presentation about socialism, a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Socialism:
Collective ownership and democratic control of the material means of production by the workers and the people
Socialism is a term applied to an economic system in which property is held in common and not individually, and relationships are governed by a political hierarchy. Common ownership doesn't mean decisions are made collectively, however. Instead, individuals in positions of authority make decisions in the name of the collective group.
Socialists argue that socialism would allow for wealth to be distributed based on how much one contributes to society, as opposed to how much capital one holds.
Mixed Economy
Any economy in which private corporate enterprises and public sector enterprises exist side-by-side, and decisions taken through market mechanism are supplemented by some form of partial planning, is to be described as a mixed economy.
This system overcomes the disadvantages of both the market and planned economic systems.
Provides a clear demarcation of the boundaries of the public sector and private sector so that the core sector and strategic sectors are invariably in the public sector.
The government intervenes to prevent undue concentration of economic power and monopolistic and restrictive trade practices
The rights of the individual are respected and protected subject only to the requirements of public law and order and morality
What are the major differences between capitalism- communism- and soci.docxloisj1
What are the major differences between capitalism, communism, and socialism?
Discuss the three major economic indicators and how they are indicative of our current economic climate.
Identify the major strategies a business owner may consider when entering the global marketplace. Discuss the advantages and disadvantages of each of your points.
Solution
1.) Capitalism is an economic and political system in which individuals own economic resources and industry, whereas under socialism, the state plans and produces goods, and either owns or redistributes resources among its citizens.While in communism, it is a different economic system, many people confuse socialism with communism. Under communism, everything is owned communally, or by everyone. Ideally, there is no government or class division, and no money; each person contributes to society as best as he or she is able, and takes from that society only what he or she needs. The decisions made by that society are supposed to benefit the people as a whole, not any individual.
2.) In a capitalist economy, the political system emphasizes competition for resources as a means of increasing capital and developing personal success. In a socialist economy, the emphasis is on distributing wealth so that individual needs are met with collective capital.
3.)Capitalism has several unique defining characteristics. It can be separated into a variety of types:
.
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Document #1 History of the Economic Systems and TheoriesCDustiBuckner14
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 ...
Similar to Economic models capitalism, socialism, communism (20)
The contents are;
The budget constraint- what the consumer can afford.
Preferences- what the consumer wants
Optimization- what the consumer chooses
Three applications
Summary/conclusion
The Contents Are:
Monopoly
Perfect Competition
Imperfect Competition
Oligopoly
Monopolistic Competition:
Characteristics Of Monopolistic Competition
Monopolistic Competitive Firm Earing Profit In Short Run
Monopolistic Competitive Firm Losses In Short Run
Monopolistic Competition In Long Run
Monopolistic Competition And The Welfare Of Society
Advertising
The Critique Of Advertising
The Defence Of Advertising
The markets for the factors of productionlearn addict
The contents are:
Factors of production
Demand for labors
Shifts in labor supply
shifts in labor demand
land and capital
equilibrium in markets
linkages among the factors of production
summary
The contents include;
Defining unemployment
key points
types of unemployment
measuring unemployment
effects of unemployment
reducing unemployment
unemployment in Pakistan
causes and effects of unemployment
solution of unemployment
impacts of covid 19 on unemployment
The contents of this presentation include:
Background
Languages
Buddhism
Hinduism
Gandhara civilization
Political history of gandhara
Alexander rule in swat
The governments from the 18th century to the 19th century
Terrorist attacks of 2007
The contents of this presentation include;
OPEC
HEADQUARTERS, FLAG, AND CURRENT
SECRETARY
ESTABLISHMENT
WHY OPEC WAS ESTABLISHED
MEMBERSHIPS
SAUDI ARABIA
NIGERIA
VENEZUELA
MISSION
HISTORY
1973 OIL EMBARGO
ROLE OF OPEC
INFLUENCE OF OPEC ON GLOBAL OIL MARKET
This presentation contents include Definition
Former secular states
Constitutional secular states
Former secular states
Constitutional secular states
Ambiguous states
Origin
History
Pakistan as a secular state
Objectives of resolution of Pakistan
Critiques of concept.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
4. Capitalism
Capitalism:
“Capitalism is an economic and political system based on private ownership, in this system
the country’s trade and industry is controlled by private owners for profit, rather than by
government. “
Key Points:
In capitalism, owners control the factors of production and derive their income from
it.
Capitalism incentivizes people to maximize the amount of money they earn through
competition.
Competition is the driving force of innovation as individuals create ways to
accomplish tasks more efficiently.
In this system the production of goods and services is based on supply and demand
in the general market which is known as market economy.
5. Capitalism
Characteristics:
In this system there is no equality the rich becomes richer and the poor becomes poorer.
In this system the government usually relies on private sector.
Modern capitalist systems usually include market oriented economy, in which the production and
pricing of goods, as well as income of individuals are dictated to a greater extent market forces
resulting from interactions between private businesses and individuals than by central planning by
the government.
Capitalism is built on the concepts of private property, profit motive and market competition.
Another component of capitalism is the free operation of the capital markets. The laws of supply
and demand set fair prices for stocks, bonds, derivatives, currency, and commodities.
Capital markets allow companies to raise funds to expand.
6. Capitalism
Advantages of Capitalism:
Capitalism results in the best products for the best
prices because consumers will pay more for what they
want the most.
Businesses provide what customers want at the highest
prices they’ll pay, and prices are kept low by competition
among businesses. They make their products
as efficiently as possible to maximize profit.
Most important for economic growth is capitalism's
intrinsic reward for innovation, including new products
and more efficient production methods.
7. Capitalism
Disadvantages of Capitalism:
Capitalism doesn't provide for those who lack competitive skills, including
the elderly, children, the developmentally disabled, and caretakers. To keep
society functioning, capitalism requires government policies that value the
family unit.
Capitalism does not promote equality of opportunity, inequality may seem
to be in the best interest of capitalism's winners.
Capitalism ignores external costs, such as pollution and climate change.
This makes goods cheaper and more accessible in the short run, but over
time, it depletes natural resources, lowers the quality of life in the affected
areas, and increases costs for everyone.
8. Capitalism
Examples:
The United States is one example of capitalism, but it
doesn't rank among the 10 countries with the freest markets,
according to the Index of Economic Freedom. It bases its
ranking on nine variables, including a lack of corruption, low
debt levels, and protection of property rights.
The top 10 most capitalistic countries are:
Hong Kong
Singapore
New Zealand
Switzerland
Australia
Ireland
United Kingdom
Canada
United Arab Emirates
Taiwan
11. Socialism
Socialism:
“Socialism is an economic system where everyone in society equally owns the factors of
production.
That ownership is acquired through a democratically elected government or through a
cooperative or a public corporation in which everyone owns shares. ”
Key Points:
Socialists take into account both individual needs and greater social needs. They allocate
resources using central planning, as in a command economy.
Everyone in society receives a share of the production based on how much each has
contributed.
This system motivates them to work long hours if they want to receive more. Workers receive
their share of production after a percentage has been deducted for the common good.
The four factors of production are labor, capital goods, natural resources, and, in the modern era,
entrepreneurship.
12. Socialism
Characteristics:
Socialism is a system that shares economic output equally throughout the
population.
It values the collective well-being of the community, rather than individuals.
The government distributes resources, giving it greater control over its
citizens.
There are eight different kinds of socialism, each with their own priorities
and economic styles.
13. Socialism
Advantages of Socialism:
Under socialism, workers are no longer exploited
because they own the means of production. Profits are spread
equitably among all workers according to their individual
contributions. But the cooperative system also provides for
those who can't work. It meets their basic needs for the good
of the whole society.
The system eliminates poverty. It provides equal access to
health care and education. No one is discriminated against.
Everyone works at what one is best at and what one enjoys.
If society needs jobs to be done that no one wants, it offers
higher compensation to make it worthwhile for people to take
them.
Natural resources are preserved for the good of the whole.
14. Socialism
Disadvantages of Socialism:
The biggest disadvantage of socialism is that it relies on the cooperative nature of humans to
work.
It ignores those within society who are competitive and focus on personal gain. Those people
tend to seek ways to overthrow and disrupt society for their own benefit.
socialism doesn't reward people for being entrepreneurial. It struggles to be as innovative as a
capitalistic society.
A third disadvantage is that the government has a lot of power. This works as long as it
represents the wishes of the people. But government leaders can abuse this position and claim
power for themselves.
15. Socialism
Examples:
There are no countries that are 100% socialist, according to
the Socialist Party of the United Kingdom.
Most have mixed
economies that incorporate socialism with
capitalism, communism, or both.
The five Nordic countries Norway, Finland, Sweden,
Denmark, Iceland have strongly socialist systems. The
state, on behalf of the people, owns a large percentage of
the economy. It spends a large portion on education,
housing, and public welfare. A large percentage of its
workers are unionized, granting them greater power. Last
but not least, these countries are democracies, allowing the
general population input into decision making.
But these countries also incorporate many aspects of a
capitalistic economy. As a result, its inhabitants are among
the happiest in the world, regularly placing among the top
10 on lists of the world's happiest people.
18. Communism
Communism:
“Communism has a centrally planned economy, it is the economic and political system of
social organization in which all property is owned by community and each person
contributes and receives according to their abilities and needs.”
Key Points:
The state owns all land, machines, industries, buildings and infrastructure. Personal property is
abolished.
In communist system a system of central planning is introduced where the state sets production
targets for all goods and services.
Communism is based on the idea of a class struggle.
Communism is based on equality social classes are absent in this system.
19. Communism
Characteristics:
Abolition of property in land and application of all rents of land to public purposes.
A heavy progressive or graduated income tax.
Abolition of all right of inheritance.
Confiscation of the property of all immigrants and rebels.
Equal liability of all to labor and establishment of industrial armies (especially for agriculture).
The gradual abolition of the distinction between town and country.
Free education for all children in public schools and abolition of children's factory labor.
Centralization of credit in the hands of the state.
The state would control communication and transportation.
The state factories and instruments of production would cultivate wastelands and improve the soil.
20. Communism
Advantages of Communism:
Communism has a centrally planned economy; it can quickly
mobilize economic resources on a large scale, execute
massive projects, and create industrial power.
It can move so effectively because it overrides individual
self-interest and subjugates the welfare of the general
population to achieve critical social goals.
It instructed the government to protect the rights of all to
pursue their idea of happiness.
It sees income inequality as a sign of late-stage
capitalism and believe that capitalism's flaws mean it has
evolved past its usefulness to society.
21. Communism
Disadvantages of Communism:
The most significant disadvantage of communism stems from its elimination of
the free market.
The laws of supply and demand don't set prices the government does. Planners
lose the valuable feedback these prices provide about what the people want.
They can't get up-to-date information about consumers' needs, and as a result,
there is often a surplus of one thing and shortages of others.
To compensate, citizens create a black market to trade the things the planners don't
provide, which destroys the trust in Marx's pure communism.
People no longer feel the government can give "to each according to his needs."
22. Communism
Examples:
There are few remaining communist countries in the world.
They aren't pure communism but are transitioning from
socialism, where the state owns the components
of supply. According to Marx, that is a necessary midway
point between capitalism and the ideal communist
economy. Modern communist societies rely on a mixed
economy.
China
Laos
Cuba
Vietnam
North Korea
23. Communism
Other Example in history:
In 1922, the Union of Soviet Socialist Republics was
established .
By 1991 the USSR was dissolved.
In 1955, the USSR created the Warsaw Pact with other
communist military allies.
The USSR had many other communist allies. Many
became communist in the 1970s but shifted to another
form of government after the USSR collapsed.
After the collapse of the Soviet Union, Russia changed
its constitution to remove references to communism. It
describes itself as a democratic republic.