Generalisation of capitalism Since 1990, the capitalist system has been expanded because of the comunist block downfall and the weakening of self-consumption economies in an increasingly globalised world. However, there are different ideologies inside the capitalism following various criterias as the level of economic liberalisation and the level of state participation in the political choices. The two … More Current economic doctrines: Ideology and problems.
A economic system is an organized way in which a state or nation distributes its resources and assigns goods and services in the national community. For that, there are three economic problems that must be solved: What kind of goods to produce and in what quantity. How to produce For whom to produce Capitalist system The … More Economic systems
The enterprises utilise four basic factors of production to complete their activity. Those are natural resources, capital, technology and labor. Natural resources The natural resources are those elements given by nature and which have economic usage: water, atmosphere, ground, vegetation, animals, minerals and energy-sources. The utilisation of natural resources create the elementary economic activities such as … More Factors of production (natural resources, capital, technology and labor)