Similarities Between Capitalism And Capitalism

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

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 well brings down the level of workers to poverty. According to the university of the Columbia states that “If these capitalist business sectors offer relatively good job satisfaction and personal growth on the whole or offer