1. Capitalism - Force of Social Change
Capitalism best describes the contemporary economic and political systems in the world. ... Stiff competition among producers creates a pressure to increase production since mass production reduces costs, lowers prices and increases the market share. ... The good thing about the capitalist cycle is the fact that periods of economic slumps never got rid of the economic value that had been gained during the boom. ... They include global financial and economic crises and economic growth alongside the widening inequality. ... The final was the synchronized promotion of competition and openness by...
- Word Count: 1750
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate