What Is Capitalism, How Implementing Capitalist Policies In The Economy Can Increase Economic Growth In The Economy, And How The Economy Can Become A Capitalistic Economy

This essay sheds light on what is capitalism, explicates how implementing capitalist policies in the economy can increase economic growth in the economy, and expounds upon how the economy can become a capitalistic economy. Succinctly stated, capitalism is a term that delineates a free market economy. A free market economy is the antithesis of a controlled market economy. “Capitalism is an economic system characterized by private ownership of the means of production, with labor solely paid wages. The production of products and services under capitalism is based on supply and demand in the general market, also known as the market economy”. In a capitalistic economy, the type of demand for products and services is voluntary demand. This is because, in a capitalistic economy, people have purview over how all of their money is expended. Furthermore, in a capitalistic economy, there are are no evisceration fees that are imposed by bureaucratic apparatuses. In this controlled market economy, there are an exorbitant amount of evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector employee jobs based on voluntary demand pay and do not receive anything for paying. It is less cumbersome for a person to elevate his standard of living if he has purview over how all of his hard earned money is expended. In a capitalistic economy, people also have purview over how all of their sacrosanct time is earmarked. Moreover, in a capitalistic economy, there is no mandate for people to be sentenced to a 13-year, K-12 compulsory concentration camp. In this controlled market economy, people are sentenced to a 13-year, insalubrious, K-12 compulsory indoctrination camp against their own volition which some people refer to as a 13-year, insalubrious, K-12 compulsory prison, while other people refer to it as a 13-year, insalubrious, K-12 concentration camp due to it being an insalubrious environment that individuals are relegated to from a young age to against their own accord. In a capitalistic economy, people are not sentenced to a 13-year, insalubrious, K-12 compulsory concentration camp. It is ineffably devastating to a person’s growth, overall health, well-being, standard of living, quality of life, and financial health to be sentenced to a 13-year, K-12 compulsory concentration camp.