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geo 277 A characteristic of man that separates him from the majority of the animal world is his organization of social and economic systems. Man, however, retains
the right to choose the board gives shareholders ultimate authority. In addition, shareholders are granted rights to vote on essential corporate decisions, such as
whether Mr. Bishop was performing investigative or prosecutorial functions, her statements were not knowingly made to the police. The question of whether a statement
by a "low savings economy". From the table below, it can be seen that there is not only an extremely small capital stock but current rate of capital formation is
by a "low savings economy". From the table below, it can be seen that there is not only an extremely small capital stock but current rate of capital formation is
Submitted by lambizzy on August 8, 2005
Category: Social Issues
Words: 2135 | Pages: 9
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A characteristic of man that separates him from the majority of the animal world is his organization of social and economic systems. Man, however, retains traits of his evolutionary ancestors in the form of self-preservation and greediness. While many political, economic, and social systems try to eradicate this form of natural selection, capitalism and related economic structures preserve social inequality in many forms. Historically, this preservation of financial inequality has achieved a higher standard of living generally than systems originally formed and employed to achieve just that.
There are specific economic factors of capitalism that enables it to make life more civilized and beneficial for its population. By definition, capitalism is an economic system controlled chiefly by individuals and private companies instead of by the government. Inequality is based by mostly two things, a person's home and workplace. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to charge for them based on the wants, or demand of the people. This regulates the amount and kind of products produced to accommodate the population. Because of this emphasis on economic individual freedom to become the wealthiest of one's nation, many inequalities form in the distribution of wealth.
As many citizens are able to acquire their needs to survive and eventually purchase luxuries, some citizens are not able to support their own existence and eventually die of cold, starvation, or other such causes. "Ronald Reagan explained that the United States has an abundance of food, but the hungry are too ignorant to know where to get it" (Kodras 67) Although this is viewed by many as inhumane, capitalist societies achieve a higher standard of living than other socialist and communist societies. This also provides motivation for the unemployed to find jobs, as they are not supported by others...
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