Capitalism+&+Democracy


 * 1. What is capitalism? **

 Capitalism is a social, economic method which states that small associations collaborate in order to produce as well as distribute. Land, factories, communication, and transportation systems would be owned and conducted by individuals on a competitive level in order to gain personal profits.

During the beginning of which capitalism emerged, it was known as mercantilism. Mercantilism refers to the period of time of which merchants traveled overseas in order to sell and/or trade their valuables/goods to make a profit. Valuables/goods would be sold for more of which they are really worth, so the merchants may acquire a desirable profit. These methods that were used to achieve a profit were initially originated in Rome and Middle East. The earliest methods that were used by Roman merchants were to purchase goods from one location and travel significantly distant from the good's native place and sell it for an extremely high price.

Now a days, we refer to this as "capitalism", a term that was formulated back during the Enlightenment period, where philosophers revolved around the idea of mortal freedom to pursue one's economical profession/occupation, in order to attain a satisfying profit. Capitalism derived from that single thought, emphasizing on the idea of individualism and the right that one may have over their own economic freedom. On the other hand, communism contradicts all of capitalism. Communism is method of which wealth is shared among the whole creating a balance rather than allowing individual wealth, creating an economic inequality.

 Presently, capitalism is being practiced all over the world. People work for themselves. Depending on how much work they put into society is how much they shall get paid. This brought a sense of competition to the world of work, motivated people to do better in their field to produce better products.

 "What Is Capitalism?" //Answers.yourdictionary.com - Answers to Questions//. Web. < [] >.

 "What Is Capitalism?" //WiseGEEK: Clear Answers for Common Questions//. Web. < [] >.


 * 2. What form of capitalism does the United States practice? What are the details of this form of capitalism? **

 The capitalistic form the United States practice is the market economy. With a market economy systems, individuals or associations may collaborate to start their own personal businesses. This permits the individual(s) to run their own private business without allowing the state ownership. This system protects the economic freedom of those individual(s) who decide to launch a business to gain personal profits, as long as they do not violate any rights of others.

 "Essay: What Is a Capitalist (market / Free) Economy?" //Essays & Coursework Help. GCSE, A-Level, and University Essay and Coursework Library - Coursework.Info//. Web. < [] ___Economics/What_is_a_capitalist __market___free__eco_L20478.html>.


 * 3. Why does the United States practice capitalism -- why is it the system that the founders of the United States established? **


 * <span style="color: black; font-family: Arial,sans-serif; font-size: 14pt;">4. What are the positives and negatives of having this economic system? **

Positives of a Capitalist Economy:

 * __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Elevates the chances of raising income. __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;"> Capitalism permits growth in the economy due to it's market, standing at such a competitive level.
 * __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Removes cartels. __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;"> With this kind of economic strategy, competition would erupt. Competition would cause sellers to manipulate his/her prices. The consequences of constant competition would be to have one business monopolize the others.
 * __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Variety of goods. __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;"> As businesses prosper in the market economy, trade would be encouraged among those businesses. People would specialize in specific fields to produce products that may bring them a more desirable profit through trades.
 * __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Job opportunities. __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;"> With more businesses emerging into this market economy, more jobs are open to those that are seeking for employment.
 * __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Organizational skills shall develop __<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">. Since the state/country does not have any ownership of private businesses, individuals would need to cultivate advance organizational skills in order for them to have a successful business with a beneficial outcome.

<span style="color: black; font-family: Arial,sans-serif; font-size: 10pt;">Disadvantages of a Capitalistic Economy:
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=5. What is democracy?=

A democracy is a system used to choose/replace government officials. In a democracy, this is determined by fair elections. With this method, citizens are able to select their desirable leaders by voting for then. This type of system is used to try to satisfy the majority of the governed. Power is evenly distributed among the people as well as the leader that is chosen by the governed. Laws as well as policies demand a majority of reinforcement by the parliament in order to get them enforced. Leaders that are elected by the vast majority of the people, regardless of the level of which they belong to (local or national) shall always acknowledge the suggestions or needs of the people. In order for this system of government to work, the elections for the potential leaders must remain fair. This means that the choice of one individual must be kept a secret because it may influence others.

The citizens play a big role in a democracy. Participating and taking part in public life is a big responsibility of an individual in a democratic government. An example of 'public life' are elections. During elections citizens must vote wisely. They should not be listening to their family/friends. This choice should not be influenced by the people around you. There are an abundant of ways to participate in the government but any participation should be kept at a peaceful, respectful, and faithful to the laws of the land.

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In a democracy, the rights of an individual are protected. The entire population of citizens are born with basic rights that no one can take away. Some of the rights that an individual has is to their own beliefs, religion and the freedom of speech. These rights shall not be violated under a democratic government, these rights are granted to all to exercise tranquilly.

Within a democratic government, plenty of freedom is granted to the public but in order to keep harmony in the nation, laws must be enforced to protect the rights of fellow citizens, maintain order, and limit the powers of the government. Under the laws of a democracy, all citizens are made equally, there is no tolerance for discrimination against race, religion, ethnicity, or sex. There are plenty of laws that have been around for centuries and yet there are more being added this instant. These laws are enforced to keep nations together as a whole.

=6. What form of democracy does the United States practice? What are the details of this form of democracy?=

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In the United States we practice a presidential democracy. In a presidential democracy, the person that is elected to lead/represent the nation is called the //president//. The president (executive branch) and the other branches of the government distribute power equally and interact as closely with each other if called for. The separation of power among the branches would lower the chances of abusing the power/rights the government has. Under a presidential democracy, laws are put forth to the parliament to debate on. The parliament may pass the law or veto it. The president has the power to veto a law, without any influence by the members of the parliament.