Capitalism

There are advantages and disadvantages to capitalism. But I think that the advantages overweigh the disadvantages, making capitalism a good thing. Capitalism creates competition. Competition then leads to more jobs. And more jobs and businesses create more wealth. And the circle continues.

Capitalism works well in a free market economy. People can use their skills and resources to create businesses. And when businesses start there is usually competition that follows. Competition is good because it gives businesses a chance to increase their wealth. For some it could be a disadvantage because their competition could be much stronger than them. In some cases businesses can form monopolies and share their wealth, or take businesses away from people. So there can be good and bad sides to it.

When competition starts more jobs are created. It is important to have a strong company to keep up with the competition. People with good business skills are hired to help a company grow. But as more people are employed, wages often have to be lowered. Sometimes people will start their own new business to compete with, having their own prices and wages, depending on how well they do.

Besides competition and employment there is one major purpose to capitalism. It is wealth. Everyone wants to be on top. Companies can be very successful. If there is no competition they can have whatever prices they want. It is when there is competition that it becomes tricky. Capitalism, in a way, is survival of the fittest.

It is obvious that there are disadvantages to capitalism. But the advantages are so much greater. One way to be successful is through competition. Another is more employment. And these both help in creating great wealth. They all connect and create the continuous cycle that is capitalism.