CAPITALISM - Economic Systems of the World - ECONOMY AND FINANCE
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- เผยแพร่เมื่อ 10 พ.ย. 2024
- This session is brought to you from TH-cam channel of
Sandeep Sir.
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We present our ECONOMY AND FINANCE lessons!
CAPITALISM - Economic Systems of the World - ECONOMY AND FINANCE *
As a dominant economic system in the world today, capitalism sprang from the belief that the invisible hand of selfish interest will ultimately bring greater prosperity for one and all. Today, we witness mass inequality across the world, yet the flame of capitalism burns bright.
We present an analysis of the key aspects of this system.
CAPITALISM - Economic Systems of the World - ECONOMY AND FINANCE *
Capitalism is fundamentally issue of assets ownership and distribution. It is a system of economic enterprise based on market exchange. In this system the means of production are largely in private hands and the main incentive for economic activity is the collection of profits.
In slang, capitalism is known as market economy. The goods sold and the prices they are sold at are depend on demand and supply. In such a system, all people are free to buy, sell and make a profit.
Understanding these 10 points is important for understanding in detail-
1- Use of physical units for economic production like raw materials, factories etc.
2- Factors of production ( land, labour, capital, enterprise) are controlled by private enterprises.
3-Capital goods and consumer goods- A capital good is any good deployed to help increase future production. The most common capital goods are property, plant and equipment,. Consumer goods are any goods that are not capital goods; they are goods used by consumers and have no future productive use.
4-Primary and secondry factors- Primary factors include land, labor and capital goods applied to production. Secondary factors include materials and energy. (because they are obtained from land, labor and capital
)
5-Normal profits and economic profit- Normal profit for small indusries and economic for IT giants and particular enterprise.
6-The Accumulation of Capital- Investment of money to creat profit and try to increase the value of initial investment to the maximum level possible
7- Wage labour- The labour sale of worker under an employment contract.
8-Competitive market- Fair competition among lots of sellers. For fair trade practices COMPITITION COMMISION of INDIA has beeb established in 2003. It consists of Chairperson and 6 Members appointed by Central Government.
9-Private property
- Private property rights are central to a capitalist economy, its execution and its legal defenses. Capitalism is built on the free exchange of goods and services between different parties, and nobody can rightfully trade property they do not own.
10- Market economy- A capitalist system and a free market system are both economic environments that are based on the supply and demand. But capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth, or goods and services.
I'm a ssc-cgl aspirant and i tried to type as much as i could and tried to make the most of the first half of this session. This was my first essay in english.
PARDON ME IF I DID ANY SPELLING OR GRAMMER MISTAKE.
Capitalist world economy, privation and marketization full video dijiye sir abhii bhut enporten hain
Thanks Sandeep sir.
Sir.... U made whole things so summarized and understandable.... Never seen before....
What an amazing session! One should learn from you how to use the right quote at the right place.
Sir i bow to u thousand times for bringing to us such an insightfull and informative topics.
Request you to keep this videos coming to us with new topics also.
Thank you agian.
Sir, I believe you have read "The Fountainhead" .. it's one of my favourite . Have read it twice .. Great Work by Ayn Rand ...
I think the capitalism is best model coz it encourages human to rise up in hierarchy.
thank you so much sir for this new series.. jai Hind
I have no idea about capitalism but from this knowledge session I have learned something about it. I think the extreme capitalism really not good for democracy and it is now happened.
Incredible session sir excellent we all are enjoyed nd God bless you sir 😍😍🙏🙏🙏😊😊
The way you connect words with ongoing events is commendable...you are probably the best among the all teacher which I have been in my life...thank you so much sir ..
Extremely useful session Sir........thanks for creating such informative sessions that deepens our thinking about these topics and makes us understand all the dimensions.....
Thank you sir...
इस चैनल पर आकर वाकई मुझे बहुत अच्छा लगा।
Thanks
Is there any difference between corporate capitalism and cooperative
Good morning sir Jee. Thanks for new series
Can we say jio is following Adam Smiths predictactions as it evolved indian telemarket please explain sir Thank you
Great sir✌✌✌✌
criticism of capitalism by contemporary political thinkers
plzz make viedo on this plzzzzzz
Sir, i like all ur lecture series it's gives much of knowledge to us,
Sir plzz wil u make series of French,Russian,American revolution?
There is a lecture about american civil war
Thanku very much sir
Thanks sir.
Oh God How alarming is that a global economic system created without any measured certainity of its future?
capitalism k baad sir marksism or communism ka video b sir bnaaye aap bahut accha smjhaatey h
Thanks sir
What are the phases of capitalism?
Dear sir
Pls aap jo bhi videos dale vo 40 to 50 min ka ho jisse hame padhne me aasani hoti hai
Thank you
sir plz make video on Gandhian era
Good morning sir
best
net work
thank you for being late
Sir I can definitely say that there was a marriage or some program was going in your home or in neighborhood during this lecture recording.
Very complicated explaination. Basic concept pehle batana chaiye. not definitions. To much verbose. Irritable at times subject and explaination.
Regrets.
Kindly watch this for a different perspective -
th-cam.com/video/lwDTJfLAmCQ/w-d-xo.html
good morning sir