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Capitalism

Capitalism is an economic system that allows individuals to own property and trade goods and services voluntarily in a free market. It is based on the principles of private ownership and profit motive. Under capitalism, demand and supply freely determine prices in a way that can benefit society. While it promotes economic efficiency, individual freedom, and innovation, capitalism can also lead to the commodification of goods, environmental degradation if profit is prioritized over sustainability, and potential worker exploitation as businesses seek to minimize costs.

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Michaella Shane Daniel Apostol
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117 views8 pages

Capitalism

Capitalism is an economic system that allows individuals to own property and trade goods and services voluntarily in a free market. It is based on the principles of private ownership and profit motive. Under capitalism, demand and supply freely determine prices in a way that can benefit society. While it promotes economic efficiency, individual freedom, and innovation, capitalism can also lead to the commodification of goods, environmental degradation if profit is prioritized over sustainability, and potential worker exploitation as businesses seek to minimize costs.

Uploaded by

Michaella Shane Daniel Apostol
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Capitalism

What is Capitalism?
Capitalism is a economic system in which let people own and
control property in accord with their interests, and demand
and supply freely set prices in markets in a way that can
serve the best interests of society. The essential feature of
capitalism is the motive to make a profit.
What is Capitalism?
Capitalism let individuals to voluntarily trade their own goods and
commodities to the market.
Capitalism is mass production of goods to satisfy the needs of greater
number of people or the mass.
Pros and Cons
of Capitalism
Pros of Capitalism
Economic Efficiency
Individual Freedom
Incentives for Hardwork
Innovation and Technological Advancement
Wealth Accumulation
Cons of Capitalism
Commodification: Capitalism can encourage the commodification of goods and
services, where everything, including basic necessities like healthcare and education, is
treated as a market commodity.
Environmental Concerns: Pursuit of profit can lead to environmental degradation.
Some businesses may prioritize short-term financial gains over long-term environmental
sustainability.

Exploitation: Capitalism can sometimes lead to worker exploitation, as businesses seek


to minimize labor costs to maximize profits. This can result in low wages.
Capitalism is Revolutionary ?
Thank you for Listening and
GODBLESS SA MGA HINDI NAKINIG

MAY QUIZ PO TAYO!

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