Capitalist economy?
how does a capitalist economy work, and what are the main factor of a capitalist economy?
Answer:
profit..that is the main reason incentive in a capitalist economy.
greed helps
but really you have to create an incentive and control the means of production.
supply and demand..study economics and you will see that the capitalist countries like the US, UK, European communities, Japan..etc are way ahead of the rest of the world.
Karl Marx was success full in backward countries..there is no incentive for the ambitious people under Socialism
1. A capitalist economy is guided by an "invisible hand," according to Adam Smith, where all activity is guided by activity in the marketplace. People are free to buy and sell products according to their needs/wants and their financial capabilities.
2. The law of supply and demand is in effect in a capitalist economy. When supply is high, demand is usually low, and if demand is high, supply is low. Typically, low demand means lower prices, and higher demand means higher prices of products (to ensure that the seller gains as much profit as possible).
The United States has a capitalist, or "market" economy.
supply and demand. the first man to say what you need homie is the riches guy in the world.food oil clothes i got you
The capitalist economy works on the logic of the market. The invisible hand and supply and demand framework are its basics. In modern times this has been coupled with the need to acieve pareto optimality conditions of economic allocation too. However, in modern times, inorder to lessen the debilitating intensity of the capitalist logic, the concept of the welfare state has come in. This has taken the form of social security net in most countries.
Build it and they will come.
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Answer:
profit..that is the main reason incentive in a capitalist economy.
greed helps
but really you have to create an incentive and control the means of production.
supply and demand..study economics and you will see that the capitalist countries like the US, UK, European communities, Japan..etc are way ahead of the rest of the world.
Karl Marx was success full in backward countries..there is no incentive for the ambitious people under Socialism
1. A capitalist economy is guided by an "invisible hand," according to Adam Smith, where all activity is guided by activity in the marketplace. People are free to buy and sell products according to their needs/wants and their financial capabilities.
2. The law of supply and demand is in effect in a capitalist economy. When supply is high, demand is usually low, and if demand is high, supply is low. Typically, low demand means lower prices, and higher demand means higher prices of products (to ensure that the seller gains as much profit as possible).
The United States has a capitalist, or "market" economy.
supply and demand. the first man to say what you need homie is the riches guy in the world.food oil clothes i got you
The capitalist economy works on the logic of the market. The invisible hand and supply and demand framework are its basics. In modern times this has been coupled with the need to acieve pareto optimality conditions of economic allocation too. However, in modern times, inorder to lessen the debilitating intensity of the capitalist logic, the concept of the welfare state has come in. This has taken the form of social security net in most countries.
Build it and they will come.
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