Capitalism Essay For Business, Society And Policy Bsp Assessment 1

633 words - 3 pages

‘Capitalism benefits everybody’: discuss with reference to contemporary interactions between business, society and government policy in Australia.
Capitalism is an economic, social and political system in which the property, industry and business are owned corporately (Rand, A). This enables the organizations and individuals to maximise their profit. Capitalism mainly benefits businesses and governments however it completely overlooks the social aspect of the Business Society and Government (B-S-G) triangle. Society was not aware of the fact that capitalism was giving the idea of a free market where everybody was equal treated which allows the organizations to maximise its profit. As a result, capitalism has a very small effect on the society. A research shows that gender discrimination in developed countries is not as critical as in the developing countries which shows that capitalism does benefit the society. Although capitalism has some ethical and social dilemma in the B.S.G triangle, it still benefits the society through minimum wage which grants a better quality of life for the society.
It is important for the government to develop its economy as it could improve the society, the more money the government has the more benefit it brings to the society. The government could improve the quality of education and quantity of school, apart from that the government could also improve the welfare of the whole country (Nunno, R, 2010). Most of the developed countries adopt capitalism to improve its economy while the developing countries do not have capitalism and often falls into poverty sector because of the shortage in economy.
Capitalism does have some benefits on the society but it mainly benefits the governments and the organizations. The separation from and reallocation of power is considered as a disadvantage to the society as it can create monopolies. As a result, it affects the society which leads most of the individual`s from the society into the poverty sector. Capitalism does not benefit everyone in the society, but it strongly benefits the businesses that holds the wealth and the power. Capitalism fails to meet the needs of society, as the organizations are only interested in making profits. This often leads to unethical business practises as there is no government interference within the organization.
Capitalism does not benefit everyone, it only benefits the businesses and the governments. While looking at the B.S.G triangle, it clearly shows that capitalism fails to meet the needs of the individuals in the Australian society. This can be seen through the conflict between Coles and Woolworths. The two leading supermarkets in Australia has the power to determine their own pricing strategy for basic needs such as groceries. The use of this pricing strategy affects the society as well as the economy as the society don’t have any other alternatives rather than to cope with this pricing strategy and purchase the good as it could be an everyday need.
The issues with capitalism is that it only goes where there`s profits to be made. This is why it has a negative impact on the society and benefits the organization and the government. I believe that capitalism does not befit everyone, it only benefits the organizations and the government. Capitalism is arguably one of most productive economic system ever introduced by a human history. However, it does not benefit the society instead it strengthens the organizations and the government. In order to benefit the society, it is important to concentrate on the broader set of legal, political and economic institutions in the country. This improves the economy system and will also shape the structure of the society.
Word count: - 576
References: -
1. Nunno, R, 2010, ‘Top 10 Greatest Benefits of Capitalism’, viewed on 29 March 2016, available from:- <>
2. Rand, A, ‘WHAT IS CAPITALISM?’, viewed on 29 March 2016, available from:- <>


Assessment and reporting policy - year 11 - assessment

4409 words - 18 pages Assessment Policy students should communicate with their teachers regarding any factors which may affect their performance during the course of the College year. Students will be expected to complete a range of activities during their courses. These will be part of the necessary preparation for assessment. Assessment tasks should measure student achievement of knowledge and skills as defined by the syllabus. For students enrolled in Year 12 Western


2862 words - 12 pages Free its population with 279,000 people relocated due to evacuation, deportation, migration and homelessness through the attacks; the pre-war population of roughly 829,000 was not regained until 1950. Being Germany’s second visited destination (Warlfhorst & Klug, 2016, p.56), the popular Bavarian city is renowned for a number of attractions, not just it’s annual Oktoberfest. Visitors are motivated to see the city of Munich because of both its natural

Mathematics Essay 1 Assessment 1 - Swinburne University of Technology - Essay

1123 words - 5 pages Assessment 1: Essay Unit Code: EDU10003 The World of Maths Students Name: Cindy Nguyen Student Number: 100571470 The use of mathematics and numeracy has a become an important aspect in our world. The use of both mathematics and numeracy has become one of the most important aspect in our daily lives. Many individuals in the world assume that they’re both the same but, in fact they are two different concepts that have different roles to play in

Late-stage capitalism and environmental destruction: the rise of collective responsibility - BA Fine Art, UAL - Essay

2481 words - 10 pages infiltrated systems throughout society, and as financial power transcended into political power, its influence was seen in government, media, education and science. How has capitalist theory impacted environmental changes, and humanitarian management of said eco issues? A core characteristic central to capitalism is production for profit, which is essential to maintain a competitive market. To remain stable, rates of production must grow, and

C200 Task 1 Organization and Leadership Analysis - WGU - Performance Assessment

5931 words - 24 pages Task 1: Organization and Leadership Analysis Western Governors University Assessment Code: C200 Student Name: Nicholas Wall Student ID: 000633206 Date: Student Mentor Name: Robert Lee Task 1: Organization and Leadership Analysis Organization Overview The organization chosen is the Clover City Fire Department (CCFD), of which I am currently an active firefighter. CCFD is a complete volunteer department committed to protecting the lives and

Week 1 assessment, read drom the book and then write what you thought about that poetry. - Kirkwood, Literature - Essay

749 words - 3 pages I want to choose “Ars Poetica” wrote by Archibald Macleish in the page 728 and “Introduction to Poetry” which wrote by Billy Collins in the 733 to analysis. In the “Arts Poetica”, poet Archibald Macleish wrote a few words like “mute”, “dumb”, “silent”, “wordless” and “motionless”. Since whole poetry is wrote for modernist poetry, those words imply poetry should be quiet, just like one very famous Chinese method - coping with all motions by

Assessment 1 Towards a Psych Perspective - Capella University - Essay

862 words - 4 pages Free 1Running head: TOWARDS A PSYCHOLOGY PERSPECTIVE 1 2 Towards a Psychology Perspective Jennifer Woodson-Kenon PSYC-FP3002 Assessment 1 Capella University August, 2018 CLINICAL PSYCHOLOGY: My chosen field of study The area of psychology that I am interested in is Clinical Psychology. Clinical Psychology focuses on diagnosing and treating mental and behavioral disorders. As a Clinical Psychologist, I could be involved in

C200 Task 1 Leadership Self Assessment - WGU - Essay

2717 words - 11 pages Task 1: Leadership Practices and Analysis 12 Self-Analysis of a Leader Assessment Code: C200 Student Name: Adalgisa Vergara Student ID: 001165615 Date: 5/19/2019 Student Mentor Name: Mindy Peral TABLE OF CONTENTS A. Reflection on Clifton Strength Assessment 3 Achiever 3 Positivity 3 Woo 4 Learner 5 Responsibility 5 B. Leadership Evaluation 6 B1. Strengths in Leadership 6 Decision Acceptance 7 Collaboration 7 Creativity 8

Deferred Action for Childhood Arrivals Policy Brief - Social Work - Essay

1843 words - 8 pages 1 Running head: IMMIGRATION AND DACA Camacho 1 IMMIGRATION AND DACA The Over Criminalization of Immigration and DACA Jesus Alfredo Camacho Jr. University of North Texas Abstract Immigration is one of those things that gets blown out of proportion in the United States. Although there might be some reason as far as safety reasons go, there is no need to actively try to target immigrants. Deferred Action for Childhood Arrivals helps eliminate the

ELA Grade 10 Module 1 MC Assessment - gilbert high - essay

665 words - 3 pages 10th Grade Focus Standards-MULTIPLE CHOICE QUESTIONS 1. L.F.1.1.1 What is the author’s purpose for writing Brutus’ speech? A. to explain Brutus’ motivation for killing Caesar B. to describe the way Brutus killed Caesar C. to educate Caesar’s friends regarding the political state of Rome D. to explain Marc Antony’s role in Caesar’s murder 2. L.F.1.3.1 Read the lines from Brutus’ speech and answer the accompanying question: As Caesar loved me, I

career assessment for anyone who is in need - the university of Memphis scms - business

1200 words - 5 pages Free taking this assessment is that I share common traits with a zoo vet. In this assessment, independence was one of my biggest strengths. For the most part I do make decisions that revolve around my own believes, however, I am open to ideas and peoples level of perception. Lastly, I do think it’s informative because it was a great presentation of how well rounded I am. I hold some qualities that go beyond the business world. My major is International

An Essay On Capitalism Describing Basic Market Principles And The Nature Of Government And Freedom. Somewhat Randian

1537 words - 7 pages from other men and live in isolation. Rather, it recognizes the necessity for society as an efficient and prosperous machine. With the Industrial Revolution, the efficiency of mechanized and divided labor showed that individual production was outdated. Capitalism however, does not recognize this group as a collective or a tool to work for the common good. It sees each worker as an essential part of the machine and values it accordingly.This

School Based Assessment And Reporting Essay

3053 words - 13 pages , charitable or spiteful, is a means of establishing norms. Assessing is viewed as primarily giving information to other establishments, employers or other teachers on succeeding courses. Assessment is not popular with many people, students do not like being assessed, teachers also do not like being assessed (OFSTED) (Appendix 1 shows an example of an OFSTED assessement), but there is no escaping the need for assessment as a means of recording and

Homework 1 for business ethics class - project 1 ba 385 - Research paper

2859 words - 12 pages turned it down and decided to continue with litigation. One example of this alleged misconduct follows: “The investigation was sparked after Michalow allegedly said to a former assistant that one of the requirements for hiring a new assistant was someone that he could “call sugar tits,” people familiar with the matter told Business Insider” (Ecarma). David Shaw, CEO of the firm, sent out a memo to all employees addressing the issue at hand with them

Zero Tolerance Policy and Detention Centers - High school/ English - Essay

657 words - 3 pages Free Zachary Quinteros Mrs.Donahoe English 12 November 2018 Title Have you ever hated the feeling of being alone? Currently there are multiple children feeling immense despair due to the prolonged absence of their parents. As of October 12th, 2018 there are still 250 children separated from their parents according to the Washington Post. The reason behind the separation is fueled by The Department of Homeland Security and their policy on prosecuting