Capitalism

Our world is filled with a lot of laws and standards for us to layout and follow the rules in our country. One of the things I'm going to write about is capitalism. Capitalism is the means of production are privately owned. Capitalism is when countries trade as in sense where the companies in those countries that aren't public but private can trade for profit instead of the government. Profit in the business world is when you have to spend the money to make shoes or anything but when you re sell them you charge more than what you paid for so you can make more than spent. So businesses could charge 250$ for each pair of Jordan's and it cost them 75$ to make them, than there making 175$ more than what they spent to make. Money is a huge subject in the world because it allows you to eat and live under a roof and drink and wear clothes. Money is made by working at a job and than after you make the cash you decide what you want to spend it on. Capitalism is common all around with businesses, such as my dad's company where he sells shoes to customers. He has to pay the factories to make them but they bump up the prices to make more because they had to pay for the shoe to be made so after the shoe is made they sell it for more and earn a little more than they would by sticking with the same price they would have. One world example I would talk about is the fast food industry in the U.S. McDonald's brings and creates new food for the people and the people buy the food. McDonald's knows that people a lot of the time don't have the time to wait so that's how they make their money by creating good and fast food and also toys to bring people into their store. Another example of capitalism in the world is a subject like shoes. Jordan brand of shoes is typically for style and collectors. I collect Jordan's and the point of the shoe is for looks and comfort and most importantly there's a big market for shoes now a days. There is capitalism all around us in the world and everything in the world is all about selling and buying and making profits and such. I'm closing this story as in saying that every company has to always think of new and improved ways to sell there items. A lot of times when businesses aren't doing well they have to think of a great creation and possible thing people will love that's not out there yet. Again you always have to be creative, and creativity is great a lot of times.