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Script Philosophy

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19 views1 page

Script Philosophy

Uploaded by

job ilao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Don: Good day everyone we are the 4th group, here to discuss about capitalism

Alriq: What is capitalism?


- Capitalism, derived from the Latin “Capitals” meaning “of the head”, it is a economic and
political system where the country’s trade and industry is controlled by a private owner for profit.
Rap: Adam Smith is one of the forefathers of capitalist thinking. It is developed during the Industrial
revolution and became synonymous with free market competition, and individual entrepreneurship.
(Next slide)
Don: Embracing the blend, Mixed-Economy. It combines the aspects of capitalism and socialism. It aims
to combine the efficiency of the market with the social welfare goals of the state. It is also known as the
managed capitalism, it blends the elements of capitalism and government intervention.
(Next slide)
Rap: Communism, Capitalism, and Socialism each have different definitions. Communism focuses on a
classless community where everything is shared equally among citizens, while capitalism focuses on
private ownership and minimal government interference. And socialism calls for a public ownership of
the means of production and central planning.
(Next Slide)
Alriq: Manged capitalism, it offers multiple benefits such as competition and innovation, while providing
essential services. It also promotes the development of the economy, infrastructure, innovation, consumer
protection, and monopolistic practices.
(Next Slide)
Don: In a society where entrepreneurship is one of the factors of development, innovation will also
develop. And managed capitalism ensures that social services such as healthcare, education, and social
safety nets will be attainable for everyone regardless of their status.
(Next Slide)
Alriq: Over all Managed capitalism offers a balance between economic freedom and social equity, it
paves the way for a prosperous society.
Rap: That settles our report about capitalism, thank you for listening.

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