Capitalism By Its Definition And Nature Cannot Save The Planet : Discuss This Statement

Capitalism by its definition and nature cigaretnot save the artificial satellite Reference to environmental issues in workCustomer Inserts His /Her NameCustomer Inserts Grade CourseCustomer Inserts Tutor s Name20 April 2009 IntroductionCapitalism is a type of a social economic system that is establish on recognition of the right of individuals to own property . and then , all wealth as well as the sundry(a) government agency of producing wealth are owned by individuals quite than being under state control or willpower . In capitalist societies , individuals own the factors of production such as land , capital and labour and make decisions pertaining to investment diffusion , pricing and supply of goods simply and so on , solely or as groups (Kaufman , Beaumont and Helfgott 2003 .

The decisions made by the private sector are thus of crucial significance to capitalist economies It means that investors can make massive profits in business operations by selling goods and services at abnormally higher prices with reference to the costs incurred in production (Fairclough 2002 , 163Capitalism can be praised as an economic system that encourages entrepreneurship in that it allows more than private investors into the market and provides many opportunities for the investors to make wealth to boot it has been argued that the excesses of wealth made by investors can be invested into assorted sectors of a country economy thus facilitating multifaceted evolution and philanthropy (Sennett 2007 On the other hand capitalism is criticised for encouraging exploitation since the populace is left at the mercy of loaded individuals who...If you want to get a full essay, order it on our website: Ordercustompaper.com

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