Capitalism tends to do businesses to gain the maximum profits. Goods and services are produced to make a profit, and the cost of products is based on decisions of owners and the markets, which means demand and supply play an extremely important role in this system, so the price of products is varied, and this system usually can attract more customers by using marketing and advertisement. At the same time, the wage rate is also diverse and high. Moreover, Capitalism significantly helps economic growth and expansion of economy by increasing gross national product* (GNP) as a domestic economy flows and native people earn a high income. In other words, the more an amount of money people receive from working is the higher gross national product.
People have to work multiple jobs because most places only hire part time and pay minimum wage. Even after working sixteen hour days people are still barely able to pay bills and can only eat sparingly to get by. The wealthy are getting wealthier because the government is creating laws that allow them pocket more money. As the wealth inequality increases it puts more burden on the middle class. The wealth inequality is growing in America and it keeps
People that have financial disadvantages live paycheck to paycheck while the wealthy people just walk around with lots of money that they’ll waste on things they don’t need such as gold marbled tiles or million dollar perfumes. The least they can do is give a little back to the
Product markets are the marketplace where a good or service is bought and sold. A product market doesn’t include trading in raw materials, and instead it focuses on finished goods that are purchased by consumers, businesses, the public sector and foreign buyers. Product markets: countries have opened up their markets causing to grow rapidly during the past decade, but companies still struggle to get trustworthy information about consumers, particularly from those with low incomes. To grow a consumer finance business is difficult, for example, because the data sources and credit histories that firms draw on in the west don't exist in emerging markets. Market research is in the beginning on developing countries, and it's hard to find the profound
The long-term instability of work would cause less accumulation of income and financial difficulty. In addition, it is difficult for workers with less job guarantee to pay for debts. Furthermore, the difficult financial situation would also affect the well-being of casual workers. On the other hand, some unscrupulous companies treat these workers badly. Sometimes they would face unfounded criticism and the income they gain is often disproportionate to their work which leads to bad job performance.
The first is that the poor are being forced to live in slums to fulfill the residential foothold and the other aspect is that the poor are being forced to work in the informal sector to earn a living. The proportion of informal sector is higher than the formal in urban areas. According to the UN-HABITAT report of 2001 in Africa and Asia, 54 percent and 33 percent of the total workforce is in the informal sector, respectively. Globalisation is pressurising the developing countries to restructure their economy so that it can compete at the global level as a result of which government is forced to downsizing, privatising the public sector and cutting the government expenditure and subsidies. Also the formal sector is forced to reduce the costs and maximize the value.
Capital market is the market for long term loans and equity capital. The stock market plays a vital role in economic development of a nation, since it acts as mediator between borrowers and lenders. A well-function stock market will contribute to development of an economy through two important channels such as boosting saving and allowing for more efficient allocation of resources Baskin, J. (1989). Stock market is an important part of the economy of a country.
A common myth is that if you work overtime, you will do more. However, as the studies have shown it is far from being true. People that work too much keep struggling with much stress: physical, emotional and professional. All this results in their brain being always busy. This prevents these people from being efficient and productive.
Though it is one of the basic wants of the human being, with which we can live our life but nowadays it had become more important to our life happily. And it is also the main cause of evils and unhappiness, which drags our life into miserable and unimaginable situations. Moreover, it is major cause of conflicts, chaos and disorders in this living world. And the possession of huge amount of money makes the person miser, inconsiderate and a cruel man. So despite its benefits, money brings more negative impacts than the positive.