Capitalism

By definition, Capitalism is an economic system controlled chiefly by respective(prenominal)s and private companies instead of by the government. In this system, individuals and companies own and pack most of the resources used to produce goods and services, including land and other native resources labor, and capital. Capital includes factories and equipment and sometimes the money used in businesses (Friedman, 5). Capitalism stresses private economic decisions. People are clear to decide how they will earn and spend their income. Companies may take which goods and services to produce and how much to charge for them. They also compete with one another to sell products. Nations whose economies are based on capitalism include the United States, Germany, Canada, and Japan. Although a private individual or group of individuals may control their income and a extended section of an providence, the government nooky control some aspects of the economy in every nation. Capitalism is some times called forfeit enterprise, despite its limits established by the government. Many organizations and businesses flourish from the being of capitalism. Non-profit organizations prosper from capitalism such as: The Roman Catholic Church.

As one of the largest and most common religions in the world, the Roman Catholic faith is sustained through capitalism, for it is a capitalistic organization. It can be considered a Capitalist organization in the fact that income is freely given in return for nothing. aces religion can definitely influence their economic decisions, modus vivendi and social status. The Roman Catholic Church believes that capitalism can become a type of injustice. For example, some people in capitalist nations can afford many luxuries. But at the same time, others lack adequate food, housing, and other needs. This unequal scattering of wealth results largely from capitalisms emphasis on individuality. The Catholic Church cites examples of inequality as incorrect. However, the... If you want to get a full essay, order it on our website: Orderessay

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