Assignment 5: The good, the bad, the capitalism

our latest lessons have been strictly based on Capitalism, and economics. Ive learned the factors that play into it, the good it brings and the greed that also comes out of it. Capitalism is made up of "3 separate ingrediants" them being Land, Labor, and Capital. I noticed after each lesson just how serious capitalism was. everything i owned or ever owned before played a role in jobs and labor and bringing wealth to capitalist. I saw it in later in three easy steps: wealth is turned into capital... capital becomes profit... and profit becomes increased wealth. What i learned to be the Crucial-point on Capitalism are competitive advantage, cost advantage, competition, price-fixing, commodity, non-price competition, and relentless pressure on costs.

The good to Capitalism is that one might purchase something at way less than what they were willing to spend. But Capitalism might also make me meet even with my demands or just get over on me, with a higher price than expected, depending on the amount of supplies.