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It seems that in the United States of America Capitalism streams with grace. For me capitalism seems to be the best way for an economy to grow. Some may say, capitalism is unfair in terms of competition and giving the best possible price to the consumer. Or that capitalism creates classes where “the rich get richer and the poor get poorer”. I’m no doctor of the economy, or a spokesperson for all of America, but I feel that company’s can be more profitable both in an economic and a personal standpoint by running a business based on capitalism.
Looking at the predicament with competition, from most of my experiences at this stage of life for me, competition has done great things in terms of making products cheaper for me. For example, the computer hardware business, I built a computer one year ago using an Intel Pentium II 300mhz processor. I paid $520 for the motherboard and processor. Since AMD (a competitor of Intel) came out with the AMD K-6-2 processor, Intel’s prices have dropped considerably. As a matter of fact, I was on the Internet just yesterday and saw that I could by an Intel Pentium II 333mhz processor and a motherboard for just $3
Technology mentioned in this term paper
Organizations referenced in this report
Locations referenced in this report
United States of America, America,
Companies mentioned in this paper
Intel, AMD, Microsoft,
Keywords referenced in this paper
capitalism, Intel Pentium II, capitalist economy, socialist economy, right or wrong, ethics, best way, Just Kidding, poorer, ethical, computer hardware, 11th grade, United States, competition, common sense, self improvement, motherboard, business executive, upper management, motivation, salary, prices, janitors, America, spokesperson, accomplishment, dilemmas, guideline, competitor, stupid, society, Lets, moral, cart, too bad, school, experiences, consumer, Microsoft, mail, standard, opportunities, Plus, college, industry, Internet, company, the poor, the basics, the government,