Redistribution, market exchange, capitalism Your Thoughts Use this threed to pos

Question

Redistribution, market exchange, capitalism

Your Thoughts Use this threed to post your thoughts on the readngs, video, and webnites for this week From there, lert's look at capinalism, in the United States and around the world. you study SocioloyAnthropology, the most successful socieses have As the text states, capitalism has become the world economic mportant around the wirid "you studySooleAnthropoloty, the most successnd todeses have edapeed and accepted capitalyn as . drMng forte inter eerony. predominant economic systemm in the past 300 years(149) So, the text suggests three attributes of capitalism. Whar are they and what antribute do you feel is the mont Reply

Explanation / Answer

Redistribution is an economic practice aimed at leveling the distribution of wealth or income in a society through a direct or indirect transfer of income from the rich to the poor. Economists or Governments adopt economic policies and strategies like progressive taxation, charity, welfare, public services, land reform, monetary policies, and confiscation, to implement this phenomenon.

For an economist, a market exchange is a highly organized market where brokers and traders are present. They engage in buying and selling of securities such as shares, commodities, currencies, futures and options.

Capitalism refers to a system in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets. Mercantilism was the early form of capitalism when the growth of the English cloth industry took place during the 16th, 17th, and 18th centuries. Capitalism is also called a free market economy.

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