Discussion of Capitalism Political Ideology

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It goes without saying that as a particular economic system, capitalism has already become an intrinsic part of modern Western society that affects millions of people. Capitalism has four fundamental features that include the existence of companies, a competitive market, the goal of making a profit, and the ownership of private property. All features shape people’s lives providing them with both benefits and drawbacks.

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Thus, the main feature that impacts me, my family, friends, and other people are private property. I have a private home, car, accumulated capital, and other personal belongings. I have the freedom to buy and sell property based on mutual agreement – in other words, I can do whatever I want with things that belong to me within the law’s parameters. At the same time, I know that in the case of severe financial difficulties, the government will not be responsible for offering me accommodation as my property for free.

The other three features affect people daily as well. Almost in every sector of the market, multiple companies compete with each other for customers – thus, for profit. As a result, to persuade people to make choices in their favor, these companies constantly develop providing community members with the best products and services. That is why, as a customer, I always have a choice due to the existence of several suppliers and know that I may receive proper quality based on my preferences.

In addition, competition forces firms to offer goods at low prices. Maximize efficiency, and be customer-oriented. As a result, I always have an opportunity to monitor the market and choose a quality product or service at the most affordable price.

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DemoEssays. (2022) 'Discussion of Capitalism Political Ideology'. 22 September.

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DemoEssays. 2022. "Discussion of Capitalism Political Ideology." September 22, 2022. https://demoessays.com/discussion-of-capitalism-political-ideology/.

1. DemoEssays. "Discussion of Capitalism Political Ideology." September 22, 2022. https://demoessays.com/discussion-of-capitalism-political-ideology/.


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DemoEssays. "Discussion of Capitalism Political Ideology." September 22, 2022. https://demoessays.com/discussion-of-capitalism-political-ideology/.