This section contains 411 words (approx. 2 pages at 300 words per page) |
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Greed
Summary: Capitalism is unique in that it requires people to use their self-interest in order to provide goods and services to others for profit. Without that self interest, certain goods may not be made and everyone might suffer from it.
In a free enterprise, the main belief is that everyone's business is solely at their discretion. The business owners can do whatever they want with the money they made from their enterprise. The object of business it to make the most money as possible, and billionaire Ted Turner describes America as "a competition, and rising above the competition."
When entrepreneurs make money, it is because many people enjoy the product they are presenting and are willing to pay for those goods services. If someone makes money in a business, they are not stealing other peoples money, they are exchanging a good or service they can provide. For example, Bill Gates became rich by creating Microsoft and selling Windows to people. Both parties involved in this trade benefit. Bill Gates becomes rich, and the consumers get easy to use computers that allow them to communicate with people among other...
This section contains 411 words (approx. 2 pages at 300 words per page) |
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