Monday, December 22, 2008
WAT I THINK ABOUT CAPITALISM
from what i remember from class about capitalism is free market, land, labor, and the invisible hand. there are much more but i cant remember them. but all of them basicly mean capitalism. the big picture is based on distributing and consuming through the hard workers of free markets and there profit motive. Free Market consists of products being sold at a price that is agreed on by the seller as well as the buyer. Supply and Demand depend on each other if the supply in the world or what ever is being sold goes down then the demand from the people will go up. basicly if the supply goes down that mean the price goes down so the demand will go up because now that it is cheaper everybody can buy it now. the invisable hand is sapost to be maintained order in the free market. a free market is to give everybody a chance to compete for money an land etc. capitalism is there to keep the economey at a controlable level.
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