Capitalism By Jasper, Gabe, Michael and Carly

Definition of Capitalism Capitalism is the idea that everyone has to make their own money and what you earn should be yours. It is the economic system where anyone can start their own business for personal profit. It is when people try to get as much personal profit as possible, to keep just for themselves. One of the more famous examples of capitalism is Donald Trump. He purchases property, then waits for the price to go up before selling it for a much higher cost. By doing this he is taking advantage of the free market system, which allows someone to demand something for a low price, then sell it for a higher cost later on.

Why was capitalism a feature of this time? Due to the rapid development of European trade in the 13th century, cities in Italy and the Netherlands witnessed a creation of wealth by Capitalism, because any merchant is in essence a capitalist, risking money each time he buys in one place to sell in another. This is believed to be the origin of Capitalism. Capitalism grew in other nations as the years passed, it is a concept of using wealth to create more wealth. It is as important to the present as it is in the past. Capitalism was a new method to make money, therefore, it attracted many businesses who wanted to make a profit.

Three facts/Benefits for Capitalism It might seem that everyone is selfishly working for their own money, but every job has a benefit for someone else. Factory workers produce the products that we can’t live without, the police work to protect us and make sure we live in a lawful society. Even unpopular and ‘overpaid’ professions such as city bankers and sportsmen have a positive effect on society, The bottom line is that no matter the everyone can do they're bit for society. Most of you take it for granted that you can choose whatever career you want. At school you select your favourite subjects and could study them as far as you want followed by applying to a job you choose from the widest variety ever seen in history. This is capitalism at its finest: freedom to live your life the way you want. One of the great things about capitalism is that it works with democracy,everyone gets 1 vote, and thus equal power politically, whatever their race, political views or gender. In Britain, recent legislation has even allowed some prisoners to vote. Once you reach a certain age, you have as much power to choose the new government as everybody else above that age – whether that be your father, your boss or Bill Gates. Right?

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