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Economic activities (Capital: Combination of non-natural resources needed…
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
Problems of capitalism
Economic problems
Environmental problems: Capitalism based on the constant increase of production and consumption
Political problems
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
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
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
The opposite always happen if there is a socialist revolution
Capitalism won the cold war(we won)