Friday, January 27, 2012

homework 2


In capitalism society there’s a good amount of disadvantages and advantages. Capitalism means “An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.”( Read more: http://www.answers.com/topic/capitalism#ixzz1khkRm6jZ) some advantage’s of living in a capitalism society would be you get to own your own property and business. Which can be really good if you are a good business owner. Also this is good because by owning your own business you don’t have to owe the government any money. There will never be someone taking money out of what you made. In a socialist society the government owns all the businesses and they take money out of what you made. a capitalism society sounds pretty nice because you can own a business and keep all the money you earned and don’t have to give any of it away. You can also be able to say what you want and do what ever you want. You don’t have to have anyone telling you how to run the business or anyone annoying you about the bill you have to pay.
         The disadvantages of being in a capitalism society would be when you own your own business you have to be careful because you can be the one that doesn’t make money and so you have no money to buy more things so eventually the business will start running out of things. Whenever you try to start your own business there is a great chance that you will not do so good and then you’ll have to shut down your business. What helps in our society is the government owning the businesses. Owning a business in a capitalist society you are probably going to always compete with someone else. In every town there’s always a business that’s better than others and clearly those will be the businesses that stay open and don’t shut down. So being in a capitalist society would be hard and stressful just by trying to keep your business open. I personally would not want to live in a capitalist society.




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