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Capitalism
This document defines and describes various aspects of capitalism. Capitalism is an economic system defined by private ownership of trade, industries and means of production that are operated for profit. It is based on wage labor, private ownership and production for exchange and profit. Under capitalism, money is invested to generate more money through the process of capital accumulating more capital. Key features include private property, large-scale production, profit as the main motive, competition, and the price mechanism being determined by supply and demand rather than production costs. The document also discusses various forms of capitalism and both pros and cons.
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Presentation introduction and author's name.
Capitalism is an economic system where trade and production are privately owned for profit.
Capitalism is based on wage labor, private ownership, and production for exchange and profit.
Money is invested to generate more money, indicating a fundamental process of capitalism.
Capital functions when profits are reinvested to create more profit, like hiring more staff.
Private property and individual ownership of resources are key features of capitalism.
Capitalism emerged from the Industrial Revolution, enabling large scale production and profits.
In capitalism, production focuses on making profit, which the manufacturer can spend at will.
Capitalism involves intense competition among capitalists, influencing demand and supply.
Prices in capitalism are determined by market demand and supply, not production costs.
Capitalists aim to minimize wages while maximizing work output from employees.
Credit institutions are essential in capitalism, allowing capitalists to borrow for business growth.
Capitalism features minimal government interference in production and market forces.
Describes a free market economy with some government regulation to address inequalities.
Refers to an unregulated form of capitalism characterized by deregulation and privatization.
Describes business success linked to connections with politicians and civil servants.
State capitalism involves significant roles for state-owned industries in a market economy.
Pros of capitalism include health, social good, freedom, economic growth, and equality.
Cons of capitalism encompass waste, starvation, pollution, and propaganda.
Capitalism has been dominant for over 200 years, its future relies on the working class.
Capitalism is dependent on labor and the working class which sustains its existence.
Highlights notable figures in capitalism: Andrew J.P. Morgan and John D. Rockefeller.
Presentation concludes with a thank you note.
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Capitalism
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- 2. CAPITALISM DEFINATION: Capitalism isan economic system and a mode of production in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit.
- 3. CAPITALISM IT IS ANECONOMIC SYSTEM BASED ON 3 THINGS: • WAGE LABOUR • PRIVATE OWNERSHIP • PRODUCTION FOR EXCHANGE AND PROFIT
- 4. CAPITALISM CAPITALISM IS BASEDON A SIMPLE PROCESS – MONEY IS INVESTED TO GENERATE MORE MONEY.
- 5. CAPITALISM CAPITAL: • WHEN MONEYFUNCTIONS LIKE THIS, IT FUNCTIONS LIKE CAPITAL. EG: WHEN COMPANY USES ITS PROFIT TO HIRE MORE STAFF OR OPEN NEW PREMISES AND MAKE MORE PROFIT.
- 6. CAPITALISM FEATURES OF CAPITALISM: •PRIVATE PROPERTY: NOT OWNED BY THE GOVERNMENT. INDIVIDUALS OWN PROPERTY AND RESOURCES.
- 7. CAPITALISM • LARGE SCALEPRODUCTION:: CAPITALISM AROSE AS A RESULT OF INDUSTRIAL REVOLUTION WHICH MADE LARGE SCALE PRODUCTION POSSIBLE. MORE PRODUCTION MEANS WIDER USE OF CAPITAL AND LEAD TO MORE PROFITS.
- 8. CAPITALISM • PROFIT ASKEY MOTIVE: MONEY LEFT OVER CAN BE SPENT IN ANY WAY THE MANUFACTURER WANTS. PRODUCTION UNDER CAPITALISM IS PROFIT-ORIENTED.
- 9. CAPITALISM • COMPETITION: IN CAPITALISMTHERE IS EXTREME COMPETITION BETWEEN CAPITALISTS. DEMAND IS ARTIFICIALLY INCREASED AND SUPPLY IS DECREASED. THERE IS CUT THROAT COMPETITION UNDER CAPITALISM.
- 10. CAPITALISM • PRICE MECHANISM: INCAPITALISM THE PRICE OF A ACCOMODITY IS DETERMINED NOT BY THE COST OF PRODUCTION BUT BY THE LAW OF DEMAND AND SUPPLY.
- 11. CAPITALISM WAGE INSTITUTION: THE OBJECTIVEOF THE CAPITALIST IS TO PAY AS LESS WAGES AS POSSIBLE AND TO TAKE AS MUCH WORK AS POSSIBLE OUT OF HIM.
- 12. CAPITALISM • MONEY ANDCREDIT: IN CAPITALISM INSTITUTION OF CREDIT HAS BECOME IMPORTANT.HE CAPITALISTS GET MONEY ON LOAN AND DEVELOP THEIR BUSINESS.
- 13. CAPITALISM • LAISSEZ –FAIRE COPETITION: THERE IS NO GOVERNMENTAL CONTROL OVER THE FORCES OF PRODUCTION, DISTRIBUTION AND EXCHANGE. IT IS CONTROLLED BY THE FORCES OPERATING IN MARKET.
- 14. CAPITALISM • RESPONSIBLE CAPITALISM: ITIS ESSENTIALLY A FREE MARKET ECONOMY. BUT WITH A DEGREE OF GOVERNMENT REGULATION TO AVID THE EXCESSES AND INEQUALITIES OF CAPITALISM.
- 15. CAPITALISM • TURBO CAPITALISM: REFERSTO AN UNREGULATED FORM OF CAPITALISM WITH FINANCIAL DEREGULATION , PRIVATISATION AND LOWER TAX ON HIGH EARNER.
- 16. CAPITALISM • CRONY CAPITALISM: ATERM USED TO REFER TO THE SITUATION WHERE BUSINESS SUCCESS IS RELATED TO STRATEGIC INFLUENCES WITH CIVIL SERVANTS, POLITICIANS AND THOSE IN AUTHORITY.
- 17. CAPITALISM • STATE CAPITALISM ITOCCURS WHEN STATE OWNED INDUSTRIES PLAY A KEY ROLE WITHIN THE MARKET ECONOMY.
- 18. CAPITALISM PROS OF CAPITALISM: •HEALTH • SOCIAL GOOD • BEING THE BEST • FREEDOM • ECONOMIC GROWTH • EQUALITY
- 19. CAPITALISM CONS OF CAPITALISM: •WASTE • STARVATION • DANGER • PROPAGANDA • POLLUTION
- 20. CAPITALISM FUTURE OF CAPITALISM: CAPITALISMHAS ONLY EXISTED AS DOMINANT ECONOMIC SYSTEM ON PLANET FOR A LITTLE OVER 200 YEARS.
- 21. CAPITALISM IT IS ENTIRELYRELIANT ON US, THE WORKING CLASS AND LABOUR WHICH IS MUST EXPLOIT AND SO IT WILL SURVIVE AS LONG AS WE LET
- 22. CAPTAINS OF CAPITALISM ANDREWJP MORGAN JHON D.ROCKEFELLER
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