Capitalism on economics

Capitalism on economics

Capitalism refers to how one can indulge in a business opportunity of his own will without disturbance by other people. Other than that, it refers to the freedom on is given that entails his / her free will to make decisions about something. In society, it is usually said that consumers have the right to purchase whatever they want in the community. This usually entails the buying of many goods such that they do not lack anything. Companies usually have different inventions that involve the business. This means that the designs attract so many customers who are not obligated to buying these goods and services. A customer should nicer be forced into purchasing ant goods or services from a company. Other than that, the intrusion of the government into people’s lives has become so limited. The government people no lone r meddle into people’s lives.  Many people lately have their own private companies in the United States. This has resulted in so many advantages to the citizens such that do not depend on the government so much. People should always be allowed to purchase anything ht they want in a company. Many people can improve their living standards from this. Living standards depend on the tenability of one person to be able to purchase a god or service of his own choice.

Firstly, the right to own property has led to increased living standards in the world.  Many people in the united states own their property. The government has very few restrictions on the right to hold the property. Also, Karrie says, there are very many restrictions on citizens that are posed on the properties(37).  People have the right to own different features such that they are not very much entailed to owning the property.

People holding a property means that they have the money to purchase the property. Other than that, a feature usually measures the wealth that people have. People can own property in any part of the country and world of their choice. This makes many people be able to purchase land in various places in the world. Currently, in the world,  many people are entitled to dual citizenship. The living standards of people will automatically improve such that they will automatically buy goods and services of their choice. Employment of different people in the world will also grow as people will own various enterprises. There will always be so many jobs such that they will need employees. By getting so many employees, many people will have money to cater for their needs. Through employment, many people get to raise their living standards. The right to own property is allowed to ensure that there

Freedom of actions and self-interest has contributed significantly to high living standards across the world. Citizens of different states can peruse their good without interference from pressure groups such as politicians and even government departments. This has led to the freedom of investment and property ownership as people do what will interest them and not worry what others will think of them or their actions. These actions are always based on the idea that they will help the society to grow and develop since there is a minimal intrusion from the authorities. This has therefore boosted these societies development-wise with the provision of ease in investment. This freedom enables citizens to own properties and even household goods at will, which has expanded the general living standards of many citizens across the globe. In a capitalistic system, financial and political freedom has made people more productive because the money they earn is not restricted to any policies. People in these societies always find more innovative ways of producing goods to make a profit faster than when there are restrictions. Improved productivity and innovation has been vital to many capitalistic states across the world due to citizens finding new ideas of improving their living standards without much considerations and manipulations from government authorities. More businesses can are transacted freely across the globe due to freedom in investment and more part of it controlled by private citizens rather than the government. Many living standards have improved with more innovations and production of goods people at their interest and freedom.

The right to own assets has led to the emergence of competition in the capitalistic market. Companies have grabbed the opportunity of this growing demand to create assets and properties that will satisfy the consumer’s needs. This has created another shift to quality as these companies try to make the assets more satisfactory and quality assured. Zhen explains that the growing demand has, therefore, lead to more businesses jumping into the market to compete for the consumer’s money. (54) This has improved not only the market competition but also a rise in the living standards of both the buyers and the asset owners since there is the availability of goods needed for day to day life. This has led to improved survival of many people across the world as the products are more available in this market with the freedom it offers. The competition does not only improve quality but also lower prices of those quality goods. This has automatically allowed people to lead a cheaper life.  With a growing number of companies in the competition for customers, there is a demand to employ more workers to increase productivity for these companies to stay in the game. This has not only created employment opportunities but also better wages for the employees. This way, the living standards of the workers has improved due to better salaries by the companies.

The consumer can choose freely from the different products provided in the market by several companies.  The capitalistic market comes with freedom where buyers choices and preferences are critical since nobody restricts them on what to buy and who to buy it from. People no longer have to be compelled to buy a specific good from a particular company. Many buyers all over the world now have a choice to buy their product of preference from their preferred markets and this has enabled free flow of business. Ordering of goods online is now available with vast options of products and sellers. This has helped to improve access to goods and services as the delivery of these products is also done at doorsteps.  Workers in this market also have the freedom to chose the companies to work for and the ones to avoid. This has improved productivity as workers work for their own choices and cannot be pinned down to work at one particular company without their choice. Many workers globally can now have the freedom to demand higher wages since the companies now require their productivity in their preferred areas. Many workers can now request for better benefits from the companies upon leaving to work for them. Choice and preference have increased productivity this way as both the companies and the workers do not need to work in pressure as they both operate in absolute freedom of choice.

Capitalism encourages innovation and efficiency in the market place as companies try to find out more innovative and profitable ways to produce more quality goods. This is going to force more companies to venture into finding ideas of making their products more quality so that they can attract more buyers.This idea of capitalism enables more experts to be included in the innovation process. It also acts as an employment opportunity in the recruitment of such experts. Beere explains that Capitalism gives freedom to these companies as they find their ways of making their goods more satisfactory and profitable to the buyers (23). As these companies look for these innovative ways, they can freely come up with their new ways of doing business need making profits. This has enabled more companies to invent new techniques such as online shops and door to door services. Many people across the world can access online products and services due to these innovative ways of doing business. Goods and services can be accessed freely from any part of the world since new ways of delivering these goods have been innovated in the market . Such an invention is not only profitable to the companies but also for customer satisfaction. Production of high-quality products is essential when inventing new productive ways. This is due to the competition in the market and even in making sure that their customers receive better services which lead to better living standards of many people globally.

The market is free in capitalistic society with little or no intervention from the government. Here the government only plays the role of protecting the rights of private individuals who run the market, but the government do not get into their private liberties. With this little intervention, there is low taxation, and this enables more companies to venture into this market. When government intervenes most of the businesses, some companies will likely withdraw due to high taxation and government policies.Many people doing business across the world today prefer a free market where they can make profits and produce high-quality goods with low tax. Sons says the flat fee will lead to low prices of products with high gain.(20) Many investors will move to free markets since they are more favourable and provide a conducive business environment. People will be able to get more goods at low prices, and that will improve living standards as the essential commodities are available to everyone. Travelling becomes cheap as air companies can give tickets at lower rates. This brings free movement as people seeking adventure abroad for education or vacation. Ordinary citizens will be able to access most of the services which cut the living cost of many individuals. The smaller role that the government plays in the free market is essential to the improvement of living standard.  Private citizens are all assured of little intervention and free flow of services.

 

 

Work cited

Sons, Hoboken, NJ. &  Negash, S.  Business Intelligence. Communications of the association of information systems .  3, 34-38.(2008)

Paksoy, T., Ozxeylan, E., & Weber, G.  Profit-Oriented Supply Chain Network Optimization.  Central European journal of operations research  5, 56-84.(2006)

Beere, M &  Walton, R. Organizational change and development.  Annual review of psychology 7, 87-90. (2009)

Burke, W. and Litwin, G.  A causal model of organizational performance.  Journal of management.  6,  56-64. (2006)

Zheng, W., Yang, B., &  McLean, G.  Linking corporate culture, structure, strategy, and organizational effectiveness. Mediating role of knowledge management. 9,  9-22. (2010)

Zokaei K,  A. & Simons D. Value chain analysis in consumer focus improvement.  A case study of the meat industry.  12, 43-67. (2006)