Campbellsville University Free Market Capitalism and Business Questions

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Gates, co-founder and chairperson of Microsoft Corporation, advocates that in addition to seeking profits, corporations should also become social entrepreneurs in order to help solve social problems. He has called this creative capitalism. Gates argues the desire to help others who are less fortunate should be as powerful a motivator as increasing profits for businesses today.

Review: https://www.gatesfoundation.org/media-center/speec...

Based on your research you are required to complete a APA format paper answering the following:

  1. Explain free market capitalism.
  2. Describe creative capitalism.
  3. Explain the three advantages of creative capitalism in relation to businesses.
  4. Explain the concept of corporate social responsibility using two examples of socially responsible companies. Clearly and concisely support your examples and explain why these companies are considered socially responsible.
  5. Comment on Gates’ creative capitalism. Do you think that creative capitalism can become the future of capitalism in the U.S.? Justify your response with examples and research.

Requirements:

  • Title Page
  • Intro paragraph
  • Detailed answers for all the questions to be written in 13 Pages.
  • References (and in text citations) to be APA formatted.
  • Use Level One and Level Two headers throughout.

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Explanation & Answer

Attached.

Outline
Topic: Capitalism at a Glance
1. Introduction
2. Body
1. Free Market Capitalism
`

2. Creative Capitalism
3. Advantages of Creative Capitalism in Relation to Businesses
4. Concept of Corporate Social Responsibility
5. Comment on Gates' Creative Capitalism

3. Conclusion
4. Reference


Running Head: CAPITALISM AT A GLANCE

Capitalism at a Glance
Name
Institution

1

CAPITALISM AT A GLANCE

2
Introduction

Over the years, there have existed different types of economic systems. The market
changes now and then, and the various economic systems make it possible to move forth and for
other businesses to propel. The private sector runs the better part of the economy as they have
managed to come up with several industries, in as much as the government has some control
over some sectors, the most significant part of owned by the private sector. That is why
capitalism has significantly spread in most parts of the world. Any part of the market that is not
run by the government allows the private sector to have more say on how things will occur. In as
much as capitalism at tomes cane is oppressive, it also has its right sides, whereby it helps the
market move forth and continues growing when we talk of capitalism. It states that the economic
system in which the private sectors control the issues of production and the market. The elements
of production are owned privately, which influences other factors of the market. With capitalism,
the government has limited control over the economic market, especially the factors of
production.
Body
Among the factors of production, we have capital goods, labor, natural resources, and
entrepreneurship. With capitalism, the people within the economy are driven to maximize their
incomes, which are done by increasing competition. The advantage of the game, in this case, is
that it breeds innovation, which is a move forward for the market, economy, and nation as a
whole. Within capitalism, there exist different types of capitalism that have differing
mechanisms. Within this paper, we will be looking at a closer look at the different kinds of
capitalism. The aim will be to understand better how the different works of capitalism and how
they can influence the country's economy. At the same time, we will be looking at the various

CAPITALISM AT A GLANCE

3

influences that the different types of capitalism have had so far within the United States economy
and the world in general. Capitalism is not possible without the presence of industries,
organizations, and companies. That is why we will look at some of the organization for a better
analysis of the factors of capitalism, the ideologies behind it, and the different types of
capitalism. Our primary focus will be on the free market capital and creative capitalism.
Free Market Capitalism
Observably, free-market capitalism is when the entities within the economy run a market,
that is the factor of production are that determines how the market will be hence the economy as
well. Free market capitalism is an ideology in which the market operates on its own, especially
with no government intervention. That is why it is better to control as the private entities are the
ones who have control over how things unfold. Even then, they are guided by production factors
to make the decisions they do within the markets. Seeing as the free-market capitalism in a void
of government intervention, its demand is the one that regulates itself by solving the arising
problems within the market. So many parts of the economy and the industries that are running
the economy are privately owned. That means that the owners get to make some of the decisions
within this economy. If the government were to intervene, it would not be free from intervention,
and then it would not be a free market.
With free-market capitalism, one of the propelling factors is competition. The production
elements are the same as each private owner, which means that they have the same factors. What
varies is how they apply the factors and the level of competition they bring in within the market.
Without competition, there is no chance for growth. Monopolistic markets can be oppressive as
well as limited in innovations and developments. When it comes to a market that is filled with
competitors, each entity is driven to give the best products or services.

CAPITALISM AT A GLANCE

4

In free-market capitalism, the competition is stiff, and if one cannot compete, they can
barely survive in the market. Even then, the ideologies and logistics of free-market capitalism are
yet to work in reality. A good example was the great recession. Here there was no government
intervention, and it ended up oppressing the people. Banks and mortgages were high and very
unregulated as they were made per the likes and preferences of the bank owners. Mortgage...


Anonymous
Awesome! Perfect study aid.

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