Core tenet of any capitalist economic system is property rights? What does this mean?
Any idea about this please? or:Any idea about this please?or:\"CapitalismCapitalism is based on private ownership of the means of production and on in
Any idea about this please?
or:Any idea about this please?
or:\"CapitalismCapitalism is based on private ownership of the means of production and on individual economic freedom. Most of the means of production, such as factories and businesses, are owned by private individuals and not by the government. Private owners make decisions about what and when to produce and how much products should cost. Other characteristics of capitalism include the following:Free competition. The basic rule of capitalism is that people should compete freely without interference from government or any other outside force. Capitalism assumes that the most deserving person will usually win. In theory, prices will be kept as low as possible because consumers will seek the best product for the least amount of money. Does capitalism allow for government interference?The antitrust lawsuit against Microsoft is one way that the government has tried to promote competition. Supporters of Microsoft say that forcing Microsoft to allow companies to bundle arch-rival Netscape's web browser with Microsoft Windows is not unlike making Coca-Cola include a can of Pepsi in each six-pack it sells.Supply and demand. In a capitalist system prices are determined by how many products there are and how many people want them. When supplies increase, prices tend to drop. If prices drop, demand usually increases until supplies run out. Then prices will rise once more, but only as long as demand is high. These laws of supply and demand work in a cycle to control prices and keep them from getting too high or too low.
or:First you need to learn what the words mean. The word \"capitalist\" was not invented by Karl Marx, but he is the one who brought it to the world's attention. He needed something to compare his theory of socialism to, something easily discredited, and he chose the meaningless term \"capitalism\". An economic system requires capital, land and labor. A system might emphasize one or another, but all three are required. There is no \"landism\" or \"laborism\
