Economics is the way people use the environment to meet their material needs. Goods, services, production, exchange, distribution and consumption are included. Economist Adam Smith defined the elements of a national economy: products are offered at a natural price generated by the use of competition - supply and demand - and the division of labour.
The economic system is divided into two. capitalism and socialism
Capitalism is the economic system in which goods are produced under the private system of production means, and socialism is the economic system in which production is carried out by the commonization of means of production. The problem is that capitalism is unfairly distributed between wealth and power. Socialism has a problem with the difficulty of rational pricing of capital goods.
2. interesting
The shape of the supply curve was interesting. It was also interesting to see how the market's principle of increasing supply increases as demand increases and how to solve problems that arise when demand exceeds supply or exceeds demand.
3. discussion
What are the ways to solve the problems of capitalism?
I think solving the unfair distribution of wealth and power is a big problem. I agree that wealth and power should not be hereditary. Therefore, proper distribution of wealth is necessary. But focusing too much on distribution could lead to an economic crisis. Therefore, appropriate welfare policies will be needed.
ReplyDeleteI'm with you.
DeleteI think that the problems of capitalism can be solved through the benefits of socialism or by using legal and social factors rather than economic means.
ReplyDeleteI found out that there were some aspects.
Delete