WebCapitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country’s trade and industry are controlled by the community and the share of each individual relies on his ability and needs. WebSep 28, 2024 · I believe that capitalism is undeniably the greatest driving force of technological innovation..If not for the inventions that are uniquely tied to the capitalistic mind-set of the last 150 years, then the good old U.S.A is in the same dire conditions that plague many of the world’s economically stressed countries.

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WebOct 5, 2024 · Advantages of Capitalism. 1. What is the alternative? Churchill’s quote on democracy springs to mind. “It has been said that democracy is the worst form of government except all the others that have been tried.” One could say the same for capitalism. Basically, when governments attempt to control the economy. We end up with … WebCapitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system … michael ray renters warehouse

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WebApr 20, 2015 · Capitalism, therefore, is a system that is in a constant state of re-explaining itself, producing stories that present it as necessary despite its failures and stories that cast it in a positive... WebCapitalism can be defined as a system of economy in which the means of production are owned by private individuals and organizations, whose main goal is to make profits. In a capitalist economy, the determination of investments, income, production, pricing and distribution of goods and services is done through the action of a free market. WebWhat this will produce is called 'structural debt' for govts. There is no going back. And the amount will only be increased in the future as ppl demand more. And how do we bear th michael ray picture