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| Name | What is Capitalism? Capitalism Explained | Pros and Cons of Capitalism? Who is Adam Smith? |
| Video Uploader | Video From Illustrate to Educate |
| Upload Date | This Video Uploaded At 26-04-2023 10:00:39 |
| Video Discription | Have you ever wondered what Capitalism is? In this video, we’re going to look at a simple explanation of Capitalism as well as the pros and cons. Capitalism is an economic system in which private individuals or businesses own and control the means of production, distribution, and exchange of goods and services. Under capitalism, the pursuit of profit and individual self-interest are the driving forces of the economy. In a capitalist system, individuals are free to own property, start businesses, and compete with one another in the market. Prices are determined by supply and demand, and profits are reinvested into the economy for further growth. The government's role in a capitalist system is to ensure a level playing field for all market participants, enforce contracts, and protect property rights. Sources: Heritage Foundation's Index of Economic Freedom: https://www.heritage.org/index/ranking Investopedia's definition of capitalism: https://www.investopedia.com/terms/c/capitalism.asp Encyclopedia Britannica's article on capitalism: https://www.britannica.com/topic/capitalism Stanford Encyclopedia of Philosophy's entry on capitalism: https://plato.stanford.edu/entries/capitalism/ "The Capitalist Solution" by Andrew Bernstein "Capitalism and Freedom" by Milton Friedman "The Wealth of Nations" by Adam Smith Cons of Capitalism: "The Case Against Capitalism" by Jerry Mander and Edward Goldsmith "Capitalism: A Ghost Story" by Arundhati Roy "The Communist Manifesto" by Karl Marx and Friedrich Engels #Capitalism #politics #economics |
| Category | Education |
| Tags | Education Download MP4 | Education Download MP3 | Education Download MP4 360p | Education Download MP4 480p | Education Download MP4 720p | Education Download MP4 1080p |
