The purpose of this essay is to describe the American Economic System. This system is based on two concepts, Capitalism and Socialism. These two concepts are the glue to the economy but also the dividers. These dividers cause a mixed economic system which help the country keep running.
Capitalism and Socialism have their differences but both have the same goal to help America function better. The first difference is capitalism which is more based on the individual person, that person is the most important person in the economy. While socialism on the other hand is more based on the “we” or the groups needs. The next difference is the profit motive. Capitalism is based on the philosophy that if you work hard or for a good amount of hours …show more content…
Every citizen of the United States has the right to do whatever business interests them. If that person works hard enough they will be good at that service. Every person has a right to do whatever they want in reason like taking over the world. I believe if a irish man wants to open up a pizza shop as an example he can do whatever he wants. If he is good at making pizza and italian food let him do his thing. I think there should be no labels on anybody and what category job they want. My thoughts of this are capitalist ideas. While in socialism they believe in categories and what best for the entire group and what they look like they are best at. The invisible hand controls them and their jobs and decisions.In all i believe in a free enterpirse which means you can have any job you want if you work hard enough for …show more content…
I believe that if that one person in the group works harder than everybody else in the group they should have a bigger income than the rest of the group.In my opinion if a person is not well enough to work than the government should take care of them and house them and give them food and clothes. But there are some people who take advantage of the benefits which are in our taxes which raises our taxes. There should be a full inspection of the house and family to really see if there is a physical or mental problem in one of the providers for the
Capitalism and Socialism have their differences but both have the same goal to help America function better. The first difference is capitalism which is more based on the individual person, that person is the most important person in the economy. While socialism on the other hand is more based on the “we” or the groups needs. The next difference is the profit motive. Capitalism is based on the philosophy that if you work hard or for a good amount of hours …show more content…
Every citizen of the United States has the right to do whatever business interests them. If that person works hard enough they will be good at that service. Every person has a right to do whatever they want in reason like taking over the world. I believe if a irish man wants to open up a pizza shop as an example he can do whatever he wants. If he is good at making pizza and italian food let him do his thing. I think there should be no labels on anybody and what category job they want. My thoughts of this are capitalist ideas. While in socialism they believe in categories and what best for the entire group and what they look like they are best at. The invisible hand controls them and their jobs and decisions.In all i believe in a free enterpirse which means you can have any job you want if you work hard enough for …show more content…
I believe that if that one person in the group works harder than everybody else in the group they should have a bigger income than the rest of the group.In my opinion if a person is not well enough to work than the government should take care of them and house them and give them food and clothes. But there are some people who take advantage of the benefits which are in our taxes which raises our taxes. There should be a full inspection of the house and family to really see if there is a physical or mental problem in one of the providers for the