What Is Capitalism: Varieties, History, Pros & Cons, Socialism
https://www.investopedia.com/terms/c/capitalism.asp
What Is Capitalism?Understanding CapitalismCapitalism and The Profit MotivePrecursors to Capitalism: Feudalism and MercantilismPros and Cons of CapitalismCapitalism vs. SocialismVarieties of CapitalismThe Bottom Line Pros ExplainedMore efficient allocation of capital resources: Labor and means of production follow capital in this system because supply follows demand. Competition leads to lower consumer prices: Capitalists are in competition against one another, and so will seek to increase their profits by cutting costs, i… Cons ExplainedCreates inherent class conflict between capital and labor: While capitalists enjoy the potential for high profits, workers may be exploited for their labor, with wages always kept lower than the true value of the work being done. Generates enormous wealth disparities and social inequalities: Capit…
Pros ExplainedMore efficient allocation of capital resources: Labor and means of production follow capital in this system because supply follows demand. Competition leads to lower consumer prices: Capitalists are in competition against one another, and so will seek to increase their profits by cutting costs, i…
Cons ExplainedCreates inherent class conflict between capital and labor: While capitalists enjoy the potential for high profits, workers may be exploited for their labor, with wages always kept lower than the true value of the work being done. Generates enormous wealth disparities and social inequalities: Capit…
DA: 20 PA: 47 MOZ Rank: 66
