Pros And Cons Of Capitalism In The United States
Capitalism is a system that can be used in different areas such as political, social and economical. Capitalism is a system where the country makes money by people having private businesses. Under capitalism, the country’s economy is run by people owning capital. The goal of the businesses under capitalism is to make money. The businesses want to make the value of the company as high as possible. When a country is under capitalism, the government makes laws to make sure that all businesses are fair. Capitalism takes place all around the world in places such as the United States and Germany (Demott). The top five countries that function under a capitalistic system are Germany, the United States, Great Britain, Canada and Japan. (Demott) The United States has private ownership and individual freedom. In the United States, the economy makes money by people starting up new businesses. These businesses, then own capital such as land, technology and products. Some of the United State’s economy is run by the government. The government owns
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If a country uses capitalism, the business owner can become rich. If the country’s business is doing well, then people will buy the business owner’s products more. When they buy the business owner’s products, then the owner will gain wealth. The more the owner sells, the more money the owner receives. This will help start an incentive for people to start new businesses.
A con of capitalism is that most of the wealth of the economy goes to the top one percent of the population.(Demott) In the United States where there is a capitalistic system, the top one percent owns about ninety-five percent of all of the wealth in the United States. In a capitalistic system, the wealth goes to the businesses owners. This will cause the rich to get richer and the poor to get poorer. It would be hard for somebody who is poor to become rich. This causes the economy to be disproportionate. (Income
If a country uses capitalism, the business owner can become rich. If the country’s business is doing well, then people will buy the business owner’s products more. When they buy the business owner’s products, then the owner will gain wealth. The more the owner sells, the more money the owner receives. This will help start an incentive for people to start new businesses.
A con of capitalism is that most of the wealth of the economy goes to the top one percent of the population.(Demott) In the United States where there is a capitalistic system, the top one percent owns about ninety-five percent of all of the wealth in the United States. In a capitalistic system, the wealth goes to the businesses owners. This will cause the rich to get richer and the poor to get poorer. It would be hard for somebody who is poor to become rich. This causes the economy to be disproportionate. (Income