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Socialism: The Pros And Cons Of Capitalism

explanatory Essay
400 words
400 words
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Capitalism, if you want to know what it is this will tell you, it is a place where you can get all the J’s, Nike’s, or if you like Adidas. Capitalism is an economic and political system that makes up a country's industry and trade which is made up of private companies separate from the government unlike socialism. Capitalism is the best economic system to allow your company to grow and succeed in a country's economy. Capitalisms can be the outcome of great things like Apple and Nike and that is only a fraction of the great things you can do. In a Capitalistic company you have the opportunity to become an empire. When you have the ability to compete with other companies, and this inspires innovation. When you are unable to create something better, your business will not succeed. Another advantage of being part of a Capitalist economy from a buyer's perspective is …show more content…

In this essay, the author

  • Explains that capitalism is an economic and political system that makes up a country's industry and trade which is made up of private companies separate from the government.
  • Explains that capitalisms can be the outcome of great things like apple and nike and that is only a fraction of what you can do.
  • Explains that while capitalism is the best economic system, it does have its faults. one large company can put hundreds of people out of jobs and no pay.

Some of the difficulties in Capitalism can affect a person's economic life by not supporting them enough, which may include their whole family. In capitalism there are risks that you have to take, getting rich is a possibility, but you can also lose everything. So many companies around the world, in capitalist economies, have gotten funded by someone's savings, or retirement funds and have “gone down the toilet”. You can look at capitalism at in many different perspective, the good, the bad or the overall system but either way capitalism is the best system of government. Even though some of the greatest companies have started in America, such as Apple, but eventually started to make their products in other counties, because they were allowed to. This may not seem that big of a deal but it does to the people who have their life depending on the money they get every week. One large company can put hundreds of peoples out of jobs and more importantly no pay. These disadvantages can be devastating to some even though some

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