Economic activities
Capital: Combination of non-natural resources needed for production
Physical: Material elements
Financial: Funds avaliable for production such as money or credit
Human: People´s productive capacity
Technology: Combination of knowledge, mehods used in the production process
Manual: If a person provides the strength
Mechanised: If machines provide the strength
Robotised: If the machines provide both things and people only have to programme and control them
The best thing in an undeveloped country
Not having natural resources(paradox)
Headhunter: Person that analizes different people to recommend them for different jobs
Labour: Physical effort made by people in order to produce material goods and services
Unemployment reduces the state´s income
Capitalist systems represent a variety of ideologies
Neoliberalism(Milton Friedman)
Keynesianism(John Maynard Keynes): British economist and one of the most important economist in history. He said: What makes no sense is to have 6 million unemployed workers with their arms crossed, waiting for some invisible hand to get them out of this situation
Problems of capitalism
Economic problems
Environmental problems: Capitalism based on the constant increase of production and consumption
Political problems
The opposite always happen if there is a socialist revolution
Capitalism won the cold war(we won)
Causes of globalisation
Better means of transport: Facilitate the transfer of merchandise
The spread of the capitalist system: The triunph of neoliberal ideologies
Internet: Provide instant information and enable contact between business and people