Please enable JavaScript.
Coggle requires JavaScript to display documents.
Ethics & Capitalisms, Capitalism - Coggle Diagram
-
Capitalism
-
-
-
Decision making and investments are determinded byt the owners of wealth,property, or production ability
Capital assets such as factories, mines, and railroads can be privately owned, while labor is purchased for wages
Different perspectives
Liberal Market Economies
competitive makret is prevalant and the bulk of production takes process in a decentraliszed US and UK
-
Economist Definiton
State guided capitalism
-
several pitfalls, excessive investments, picking the wrong winners,
-
-
-
Pillars
-
-
-
-
Freedom to Choose
Not happy, Pick smthng else (for both Customers and Businesses)
-
-
-
Mantra of Socialism
From each according to his ability, to each according to his contribution
-
-