Economic System Is Better For The Populations Essay

Economic System Is Better For The Populations Essay

Length: 1172 words (3.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Which economic system is better for the populations, the basis, the infrastructure of our economy. Socialism and Capitalism are the battle between a sink or swim mentality or a group effort for the better good. Each side have the pros and cons as one gains profit and the other helps the nation as a whole. The choices are of those of the people at the end, if one wishes to gain a profit or in the morality of everyone being socially equal. This is based on the morals, its economic gain, and the economy losses.
To begin, Capitalism revolves around the idea that an economic market should not be interfered with or neither impaired with. The idea that one should be able to create something truly of his and be able to gain profit off the means of its product. Such an example would be the selling of shoes, the owner should be able to gain a gross profit for selling the product at a certain price that will allow him to gain profit and continue his business growth. According to the university of Columbia it states that “Capitalism’s proponents respond that the right both to hire and to fire freely helps to embolden firms to take the risks of job creation and thereby raises the average level of wages and perhaps employment too. However, capitalism appears to exhibit long swings in economic activity, as measured by employment and unemployment rates, of far wider amplitude than those detectable in the more corporatist economies.” This means that the gains are that they become more wealthy and more economically stable. It also allows the system to create more jobs which give people an incentive to work more for a chance to be in the upper class. Although on the other hand, it also gives a chance for them to have high unemployment and as wel...

... middle of paper ...

...he free market concept and do not believe in a controlled market. The first graph shows how the age difference can affect the idea of either parties. Such as older men are more likely to be capitalist and anti-socialist. Although the younger people are more open have more socialist ideas rather than capitalist greed.
In conclusion, this research shows how internationally they have an effect such as a free world market rather than controlled local markets. As both ideas have faults the decision comes to an end of morals. Choosing profit other your thoughts of helping everyone, Or losing commodities over helping people. In all the idea that is heading towards the world is the ever growing capitalism as the world continues to trade internationally. The need for production increases and the signs of profit will always be there as the world slowly leaves behind socialism.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

China’s Rising Inequality Essay

- “While there is significant variation across regions, within the cities and within the rural areas, the most significant inequality is between the urban and the rural” (Saich, 2011:316). Introduction - Inequality in China China, like anywhere else in the world, is not immune to the problems of inequality. Even though China has seen great economic growth over the past 20 years, the level of inequality has risen. The hukou system can be seen as a factor in creating inequality between citizens in China....   [tags: Hukou System, Rural, Urban Populations]

Better Essays
2192 words (6.3 pages)

The Social Structures Of Knowledge, Target Populations, Power Relationships And Institutions

- Policy designs reflect the social constructions of knowledge, target populations, power relationships and institutions in the context from which they emerge and these are conveyed through the messages, interpretations and experiences that people have with public policy (Schneider & Ingram 1997, 5). The problems faced by the public are channeled to the governing institutions to design and implement the appropriate solutions in response (Rochefort & Cobb 1994, 4). Policy design is inherently a purposeful and normative enterprise through which the elements of policy are arranged to serve particular values, purpose and interests....   [tags: Policy, Implementation, Sociology, Government]

Better Essays
1451 words (4.1 pages)

Economic Systems That Can Benefit Society Essay example

- Theoretically, there are many different types of practical economic systems that can benefit society. One of the main economic systems is socialism. There are several branches of socialism including, the political theory of communism. Communism is a way of running the government using the socialist way of thinking. But, communism is very hard to implement and maintain. In a functioning communist society, all the citizens of this society would all be on the same level and would be paid equally according to their job and needs....   [tags: Capitalism, Communism, Marxism, Socialism]

Better Essays
1365 words (3.9 pages)

The Atlantic System Essay

- Overview How did the Atlantic System affect Europe, Africa, and the Americas. (The Earth and Its Peoples, 500) The movement of goods, people, and wealth in the late 17th and 18th centuries permanently changed societies across the continents of Europe, Africa, and North and South America, thereby increasing the reach of globalization in the modern age. Most influential to this movement was what is sometimes referred to as “The Atlantic Circuit”, a triangle of trade between Western Europe, western Africa, and the West Indies....   [tags: Economics]

Better Essays
1043 words (3 pages)

Essay on The Criminal Justice System And The Correctional System

- From the beginning of the Criminal Justice System, the obsession was with prison and punishment. In the last few years, this focus forced the jail and prison populations to skyrocket higher than any other place in the world. There is never a class we are not reminded there are currently 2.3 million people in United States prisons and jails. The criminal justice system or the correctional system has not changed yet remained its focus on deterrence and isolation not on the proactive ways of dealing with crime....   [tags: Prison, Crime, Criminal justice, Corrections]

Better Essays
1067 words (3 pages)

Integrating Technology for Better School Security Essay

- Integrating Technology for Better School Security Using new technology for better school security is not always easy because it is difficult to address the correct problem with the right equipment, there also exists economic issues, and mental unrest among staff and students. School safety is an issue that has been concerning this country for many years. With the populations of our schools growing, the crime rates with in them have been as well. The student to staff ratio has greatly increased and there are concerns on how to regulate student behavior as well as crime prevention among students....   [tags: essays papers]

Better Essays
3254 words (9.3 pages)

Economic Analysis of Remedial Education and How it Illustrates Failures of US K-12 Institutions

- INTRODUCTION Education is an important part of one’s life. It can shape a student’s identity, challenge his biases, and encourage him to be inquisitorial and entrepreneurial in his thinking. Education can also push a student through institutions only to ascertain that he meets some minimum standard. Modern day high schools are graduating students in record numbers (Richmond 2013) , but the prevalence of remediation in higher education illustrates the structural failure of American public schools to effectively, adequately, and equitably educate students, especially indigent student populations (Strong American Schools)....   [tags: American Education System]

Better Essays
1964 words (5.6 pages)

Childhood Mortality: Happy Fifth Birthday, and a Toast to the Rest of a Better Life

- Although childhood mortality rates have improved in recent years there is still much to be done to improve the health of children throughout the world. In 2012 6.6 million children died before the age of five. By analyzing causes of childhood mortality rates solutions can be sought to further improve the quality of life for children under five worldwide. Since 1960 child mortality rates have dropped substantially. In 1960 the worldwide child mortality rate for children under 5 years old was 1 billion compared to 6.6 million in 2012, (UNICEF, HUMAN PROGRESS ACT 2011)....   [tags: poverty, third world countries, UNICEF]

Better Essays
1394 words (4 pages)

The International Monetary System Essay example

- Throughout history the international monetary system has undergone profound changes and constant evolution. During the sixteenth to the mid-eighteenth century Mercantilism was the predominant system in which power and increased wealth mostly gold, silver and raw materials from the colonies. It was a period in which the "wealth was power, and power was wealth." Followed mercantilism began the period of industrialization or the British Industrial Revolution. This period was characterized because Britain was the hegemonic, the first country to industrialize....   [tags: Globalization, Evolution, Influences]

Better Essays
645 words (1.8 pages)

Economic and Environmental Benefits of Global Organic Production Essay

- Economic and Environmental Benefits of Global Organic Production Although organic production as an entity is controversial, it is gaining momentum across the world in terms of sales. Organic foods have become more popular as people become more concerned about what it is they are consuming. This increased demand for organic products has lead to organic production on a global scale. With an increase in global organic production have come many benefits both economically and environmentally. Organic agriculture's aim is, 'to augment ecological processes that foster plant nutrition yet conserve soil and water resources....   [tags: Environment Environmental Essays Papers]

Better Essays
1082 words (3.1 pages)