Here is the synopsis of our sample research paper on The Five Major Components of Capitalism
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Essay / Research Paper Abstract
This 3 page paper looks at theory regarding capitalism and comes up with five significant features. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA912cap.rtf
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Unformatted sample text from the term paper:
capital to produce commodities for purposes of consumption, the creation of wealth and the advancement of society" (Morrison, 2006, p.81-82). Capitalism is something that is accepted in society and understood
by most citizens. They compare and contrast this system of financial governance with socialism or communism. They understand that under capitalism, there is private ownership of property for example. A
student asks to explain what the five major components of capitalism are. It has already been noted in the context of the definition of capitalism that some components are related
to industry, commerce, labor and capital. Also, Kreps (1989) remarks that the components of capitalism in economic terms are rationalized technology, free enterprise, free labor, and unrestricted markets. It
is also important to keep in mind that private property is a structural component of capitalism (Ritzer, 1996). Finally, Wolff (2008) remarks that employer-employee conflicts along with enterprise completion are
core components of capitalism. In examining the different ideas about the components of capitalism, it is important to pare them down and create a succinct definition of capitalism along with
its core components. It is reasonable to assume that a compilation of different ideas along with an analysis of the above remarks can help a student to come up with
the five major components of capitalism. One theme in defining capitalism goes to property ownership or the ownership of capital. This is at the heart of Marxist theory and other
conflict theorists observations. That is, if the employees owned the means of production, there would not be conflict. The employee-employer conflict or the attention to labor is also an important
component of capitalism. Thus far, it seems one may conclude that capital and labor are two key components of capitalism. Another theme in the paradigm is unrestricted markets. In recent
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