Capitalism is the system used by most super powers of the world today. Capitalism is charecterized by private companies that compete in the market and job market; the system is known for its big business and big profit. Positives of the society are that is makes jobs for the common citizen. While also allowing the common citizen the right to private property. The main benifit though is that this system allows a person with understanding of the market "get rich fast." Problems with the system are that it creates monopolies.
No comments:
Post a Comment