Impact Of Capitalist Economy Assignment Sample

Introduction Of Impact Of Capitalist Economy

Capitalism highlights the economic system based on private ownership of means of production facilities (Goodwin & Punzo, 2019). It highlights the generation of economic activities within the global economy that enables the nation to interact with each other effectively. The study will analyse the capitalist economy that integrates motivation factors through the derivation of international relations, on the other hand. It is considered the driving force that plays a critical role in shaping the global economy while considering the political factors on the other hand. The characteristics of inception and the impact of the same can be highlighted across borders. Profit generation is regarded as the prime motive in the current scenario (Goodwin & Punzo, 2019). It highlights and services the interest of society in the required way. It is considered to be a significant driver of innovation. The report highlights the importance of innovation based on which profit can be generated within the economy to highlight long-term stability based on financial factors. Contribution to the GDP of the nation helps in linking global relations. Financial stability helps position the government globally, allowing relationship development. The market is highly competitive, which highlights price effectiveness in significant aspects.

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Overview

A systematic analysis of capitalism and the development of international relations within the nations will be carried out. The features of capitalism will be highlighted, including private property. Competition, in this case, needs to be considered along with generating profit simultaneously (Goodwin & Punzo, 2019). The economy is generated towards profit factors and capital accumulation simultaneously. The role of economic globalisation through highlighting the importance of international relationships in the current scenario will be evaluated. The study will progress while highlighting the points stated above by emphasising the application of secondary sources and adding evidence in the required areas. The role of capitalism in influencing the world economy will be highlighted in the current scenario (Goodwin & Punzo, 2019). In that case, analysis of capitalism and the world economy plays an important role. The application of various economic theories will help reach the study's depth and meet the study's research aspects effectively. The systematic analysis will help progress the examination through various stages while linking each step to the other. This will engage the readers' views along with the thesis statement's development, as evaluated below.

Thesis Statement

Capitalism determines the factors of power through various mechanisms that exploit and dominate the global economy (Goodwin & Punzo, 2019). Defining the features and their impact on the world economy helps widen the scope for analysis of global inequalities and their nature, various conflicts related to them and resistance factors. The factors of such an economy in the development of profit maximisation for the generation of financial stability (Hassel & Palier, 2021). Financial stability enables the nation to position itself in the competitive market and attracts new business development. GDP growth and rate of inflation are considered to be the external factors within such an economy that highlights the financial stability in the long run factors (Hassel & Palier, 2021).

Analysis

Definition of Key Terms

Capitalism is considered an economic system that features private ownership through production, profit factors, competition within the market and capital accumulation (Goodwin & Punzo, 2019). During the 16^th century, it was facilitated within the global market. The theory's spread was highlighted in prominent factors through the visualisations of colonialism, neoliberal policies and imperialism. The development of international relationships highlights the development of relationships among non-state factors. At the same time, the determination of the same is carried out through political, economic and social spheres. The political views within a generation of international relationships play an essential role.

On the other hand, financial stability highlights the positioning of the economy in the global market. Based on the views of Goodwin & Punzo (2019) social views within the system are based on the opinions of the people or community. It determines how the organisation will grow in the specified market. Profit factors highlight the financial metrics that highlight the nation's growth in the long run (Hassel & Palier, 2021). The economic development in the global factors plays an important role. The result of economic aspects in the current scenario highlights the development of international relations through business or growth opportunities. Based on the views of Hassel & Palier (2021) Financial stability in the present system is determined through the development of GDP.

Defining factors of capitalism

The factors of capitalism are based on various pillars that highlight the effectiveness of a capitalist economy. The growth of GDP is underlined within the economy while evaluating the critical factors on the other hand. The evaluation of key elements of capitalism has been highlighted below:

Private property is considered the key determinant: Private property highlights the critical feature of capitalism in the current scenario (Hassel & Palier, 2021). It enables the individual or various cooperation to own and control their factors in the required way. It helps in the generation of profit from means of production. Anyone within the system has the right to earn, acquire or sell the property. The property can be based on hereditary factors as well as generated in the form of inheritance (Friedland et al., 2021). The private individual within the particular system has the ability to acquire lands, houses and various business establishments. Thus, it is effective in recognising the institution of personal property in an effective way.

Generation of perfect competition: Market competition is another critical factor of capitalism that highlights the generation of innovation in the economic fields that helps in the generation of production and distribution systems (Hassel & Palier, 2021). This enables the sellers and the producers to generate competition in accessible mode among each other. The competitive nature of the system allows for the fittest and most innovative one to sustain itself in the long run factors (Friedland et al., 2021). This is considered the point that generates the rise of competition within the system. The efficiency is determined within the system that is based on the choice of the consumers. Views of the customers within the business process increase the interest of the people within the system (Friedland et al., 2021).

Capital accumulation: This factor highlights the views of the capitalists within the system when they aim at reinvesting profits through the expansion of business, on the other hand. Reinvestment of profit is carried out to generate a higher return in future (Hassel & Palier, 2021). It develops further growth and highlights opportunities towards development in the long run system. As per the views of Kenney & Zysman (2020) capital accumulation, on the other hand, helps in the generation of job opportunities within the system. As per the views of Kenney & Zysman (2020) it helps in increasing the wealth factors that contribute directly to the GDP and increases financial stability. Through the increase in wealth, organisations are able to meet the characteristics of inflation in the competitive market (Friedland et al., 2021). The generation of negative consequences within the system is controlled to a great level.

Evaluation of International Relations through Capitalism

The international relation theory is related to the generation of proper factors in the views of the people through strengthening the financial position within the global market. Capitalism theory highlights profit motive and generation of cross-border functionality (Friedland et al., 2021). Based on the analysis of the current factors, the elite is able to transcend the borders in economic aspects but at the same time allows the potential to limit them in political considerations (Hassel & Palier, 2021). The determination of power is highlighted in international relations when the wealthiest person decides that the least rich people are unable to try or change their situations within the system. As per the views of Kenney & Zysman (2020) capitalism helps in shaping the movements through the generation of borders and economic productivity in the generation of financial welfare. The working conditions might have a negative impact on international factors due to cross-border management (Azevedo et al., 2019).

The rights of employees within the system might be dominated by the superiors as the motive is related to the generation of profits within the international factors (Hassel & Palier, 2021). Lack of innovation in cross-border operations tends to generate failure within the system while hampering the needs and views of the people involved in the economy (Azevedo et al., 2019). The development of international relationships in the current scenario also promotes various schemes for job opportunities (Friedland et al., 2021). It highlights the exchange of cultures that helps in the creation of values in each other. The generation of competition in the international aspects has led to the improvement of importance in the minds of people that leads to innovation and generation of competition at the same time through highlighting factors of differentiation (Fuchs, 2019). The risk factors in international relations can be monitored at regular intervals based on political, economic and cultural views (Friedland et al., 2021). The fluctuations within the global economy need to be reported by the individuals within the economy is that the risk can be mitigated to certain levels within the system (Hassel & Palier, 2021).

Determination of Capitalism on World Economy

Based on the analysis of Azevedo et al. (2019) Capitalism highlights the generation of innovation. The digital factors n modern times underline the importance of innovation within economic activities. The generation of wealth within the world economy highlights the growth of GDP, on the other hand (Fuchs, 2019). Prosperity in the modern era plays a vital role in which effectiveness can be generated within the system. Based on the analysis of Fuchs (2019) the competition in the market, along with capital accumulation, prioritises the business to develop the factors of efficiency that highlight the views of the investors to focus on growth aspects from the investment made by them within the system (Martin, 2021). Through highlighting the growth factors, the consumers are able to enjoy lower prices that help on focusing on a range of products (Hassel & Palier, 2021). It helps in customer engagement while underscoring the importance of innovation. Appreciation for technology within the system highlights v further development for improvement in the long run based on financial factors and the development of brand image within the market (Hassel & Palier, 2021).

In the world economy, competition is considered to be a vital factor in the system. The business in private aspects is able to cope in the market that highlights a generation of quality services in the views of the customer within the market (Fuchs, 2019). The generation of effectiveness within the system is considered to be better, faster and cheaper. The principles of a competitive business scenario highlight the system to generate efficiency and maximise them based on further growth and development in the long run factors It helps the company to operate in an effective manner within the specified market for the generation of growth and development in the long run system. capitalism in the world economy has generated effectiveness in unpredicted growth, technological systems, and living standards for various developed economies Gibson-Graham & Dombroski, 2020). On the other hand, various adaptivity has been considered in the capitalist economy based on global factors. Based on the analysis of the capitalist economy, it can be added that it has also created massive inequalities, poverty, and environmental degradation, with the demand to match competitiveness in developing economies. As per the views of Martin (2021) the dominance of neoliberal policies has generated weakness in the role factors of the state in the redistribution of wealth.

Conclusion

From the above study, the analysis of capitalist economy has been carried out that determines effective results. The capitalist economy in the global factors has led to the generation of conflicts, wars, and resistance from various social groups. Developing a business within the capitalist economy based on world factors is voluntary in nature. Through innovation, the profit-earning aspects of the system can be improved to greater levels. Moreover, it supports the growth of business factors to significant levels.

References

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