Axis
Banned
first thing we need to know is that capitalism is a type of economy that is being controlled operated by private individuals. private individuals have a major role to play when it comes to capitalism government decisions and not often needed in a capitalist economy. an examples of country that practice a capitalist economy are the United States of America,Italy France and Japan
Now how does a capitalist economy maximize profit for private individuals?
when an economy is a capitalistic economy there will be a tendency of competition among individuals. dance move production of goods and services will be produced and prices will be produced. and because of the desire to get more customers business owners who tend to reduce the prices of their goods and when that is possible consumers will flow in in demanding for such goods or services does they will be a flow of profit in such an economy
in a capitalist economy the taxation made by government would be hindered to wind a high taxation made by government is found lacking the growth of a particular business will flourish does profit will flow in such a business or a firm.
in a capitalistic economy it encourages industriousness among the workers. and when this workers are putting their time and energy in setting for a particular goal there will be a flow of money in such an economy because laziness won't be encouraged among the workers.
Now how does a capitalist economy maximize profit for private individuals?
when an economy is a capitalistic economy there will be a tendency of competition among individuals. dance move production of goods and services will be produced and prices will be produced. and because of the desire to get more customers business owners who tend to reduce the prices of their goods and when that is possible consumers will flow in in demanding for such goods or services does they will be a flow of profit in such an economy
in a capitalist economy the taxation made by government would be hindered to wind a high taxation made by government is found lacking the growth of a particular business will flourish does profit will flow in such a business or a firm.
in a capitalistic economy it encourages industriousness among the workers. and when this workers are putting their time and energy in setting for a particular goal there will be a flow of money in such an economy because laziness won't be encouraged among the workers.
