Monday, September 12, 2011

advantages and disadvantages of living in a capitalist society

The advantages to free-market capitalism is there are four main rights, those being, The right to own private property, The right to own a business and keep all that profits, The right to freedom of competition, The right to freedom of choice. With that being said i feel its fair to say that if you create your own business it can prosper into anything it wants with right foundations and business plan. Also with the four rights President Roosevelt believed there should also be four freedoms which everyone should know. As a business owner in a free market you control the prices by using supply and demand rules to determine equilibrum. Therefore companies are always running at
there peak growing with the economy.
With the positives there always come the negitives. When opening a new business there is a very high in sucess rate for upcoming business epecially the smaller company. Dont quote me on this but its somewhere around a 50/50 chance of failure or sucess. Having there be so many businesses opening all the time thats what makes up for the failure of businesses opening. As long as the people are still spending money and stimulating the economy aside from the recession we are currently in things will always be fluxuating.

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