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Capitalism is considered the most ideal economic environment because it allows individuals to own economic resources as well as make decisions based on their self-interest. The government is involved in the capitalistic market, but doesn't have dominance over the business. In a capitalistic market, individuals have the opportunity to work for their own money.
Capitalism is considered the most ideal economic environment because it allows individuals to own economic resources as well as make decisions based on their self-interest. The government is involved in the capitalistic market, but doesn't have dominance over the business. In a capitalistic market, individuals have the opportunity to work for their own money.
Capitalism is considered the most ideal economic environment because it allows individuals to own economic resources as well as make decisions based on their self-interest. The government is involved in the capitalistic market, but doesn't have dominance over the business. In a capitalistic market, individuals have the opportunity to work for their own money.
Running head: Capitalism in a business environment
Capitalism in a Business Environment
Capitalism is considered the most ideal economic environment because it allows individuals to own economic resources as well as make decisions based on their self-interest. The government is involved in the Capitalistic market, but doesnt have dominance over the business. Unlike the Communist market, the government doesnt regulate or restrict businesses in a Capitalistic market, but instead assists them. In Capitalistic environments it allows individuals to work for their money. Capitalism creates innovation as well as economic expansion from firms and individuals. Capitalism opens up doors for individuals to compete in business industries, and to have economic freedom. In a capitalistic market, it doesnt matter what your race is, financial position, or culture, any individual has the opportunity to succeed. Individuals have the opportunity in a Capitalistic market to work for their own money. Entrepreneurs are allowed to own economic resources and to make their own decisions that is beneficial for their business. In a Capitalistic environment, individuals have the opportunity to compete with other businesses that have similar products or services. According to (Ayn Rand, 2013, 169-170), from Atlas Shrugged states, If you ask me to name the proudest distinction of Americans, I would choose-because it contains all the others-the fact that they were the people who created the phrase to make money. It doesnt matter where youre from, ethnicity, poor, or even religious beliefs, Capitalism offers opportunity for individuals to succeed on their selfinterest. Individuals or firms create innovation as well as economic growth in a Capitalistic market economy. In a Capitalistic environment, the government is limited to the amount of authority that they enforce on businesses. The difference between Capitalism and Communism is that in a Capitalistic market, individuals have the ability to own businesses and to earn their own money,
Capitalism in a business environment2
when in Communism the government has complete control over the market. The government doesnt have the right to decide on production or what the price is for goods. Winston Churchill states, It has been said that Democracy is the worst form of government except all the others that have been tried. Consumers have the option to decide which business has the better products and services, which creates competition between firms or individuals. Capitalism opens up the door for individuals to have freedom/choice to decide which career they want. Capitalism works out great with Democracy because the people have the right to choose who they want politically, just like how they can choose which products or services to choose from. Susan Sontag states, The ideology of capitalism makes us all into connoisseurs of libertyof the indefinite expansion of possibility. In a free market economy, such as Capitalism, individuals have the ability to choose between their wants and needs. According to (R.H. Tawney, 2013, 180), from The Social Organism from Religion and the Rise of Capitalism states, The true happiness of man cannot be other than the vision of the divine essence. In a capitalistic market, individuals have their own specialization in which they contribute to society. This speeds up the production process. Capitalism has been considered the modern market economy in todays society because of the opportunity that is available. Capitalism offers individuals the opportunity to own their own resources, make their own decisions, and have the ability to choose which products or services they want. In a Capitalistic market, the government is limited to the amount of power they can enforce on businesses and individuals. Individuals have the opportunity to earn their money as well as create innovation and economic expansion in todays society. Capitalism offers competition between individuals and firms to grow their businesses larger. There is no certain standards for any individual who has the desire to succeed in a market economy. Individuals can decide which products or services
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they would like to choose from that works best for them. Capitalism gives the people a variety of different products and services to choose from as well as a fair market system.
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References Pettinger, Tejvan. (2013). Pros and Cons of Capitalism. Rand, Ayn. (2013). Atlas Shrugged. Foundations of Business Thought. (169-170) Susan Sontag. (n.d.). BrainyQuote.com. Retrieved October 22, 2015, from BrainyQuote.com
Tawney, R. H. (2013). The Social Organism from Religion and the Rise of Capitalism. Foundations of Business Thought. (180).
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