Diversity In A Capitalist Economy In The United States
In todays society the u.s. is a federal republic “a form of government made up of a federal state with a constitution and self-governing subunits” federal republic). But our economic system is based off of capitalism which means that people control job growth and companies and create jobs. the wealth is not spread out in capitalism because to obtain wealth you have to work for it and you get more by getting edge above others, for example having a college degree is better than a high school diploma that’s why those people make more. At its heart Capitalism is the best way because it allows people to grow and have better lives and make more money at there own will not because of the government.
With capitalism as the form of economics it is more efficient for a stable economy because it allows people to gain wealth and allow people to buy what they want not what is forced upon them. Let’s take Walmart for example, founded by Sam Walton in AR in a capitalist economy Mr. Walton was able to pursue the business that he wanted to have. “It is unquestionably true that without entrepreneurs and investors, you can’t have a dynamic and growing capitalist economy. But it’s equally true that without consumers, you can’t have entrepreneurs and investors.” (Hanauer, Nick). In capitalism …show more content…
Capitalism is regulated by the people that own companies and employ people to meet the needs, so it creates a diverse range of jobs and needs for those jobs. Like cyber security, it is a job that requires knowledge and skills that everyday people don’t have and need to go to school for. But on the opposite end a cashier at a fast food store is something that everyone could have and do. We need a people from all different walks of like to assist with making sure that everyday people have money and can grow the economy to keep the cycle
With capitalism as the form of economics it is more efficient for a stable economy because it allows people to gain wealth and allow people to buy what they want not what is forced upon them. Let’s take Walmart for example, founded by Sam Walton in AR in a capitalist economy Mr. Walton was able to pursue the business that he wanted to have. “It is unquestionably true that without entrepreneurs and investors, you can’t have a dynamic and growing capitalist economy. But it’s equally true that without consumers, you can’t have entrepreneurs and investors.” (Hanauer, Nick). In capitalism …show more content…
Capitalism is regulated by the people that own companies and employ people to meet the needs, so it creates a diverse range of jobs and needs for those jobs. Like cyber security, it is a job that requires knowledge and skills that everyday people don’t have and need to go to school for. But on the opposite end a cashier at a fast food store is something that everyone could have and do. We need a people from all different walks of like to assist with making sure that everyday people have money and can grow the economy to keep the cycle