CAPITALISM VS COMMUNISM Contents 1.Capitalism a. What is capitalism? b. Historical development of capitalism c. Features of capitalism d. Merits of capitalism e. Demerits of capitalism 2.Communism a. What is communism? b. Historical background of communism c. Principels of communism d. Advantages of communism e. Disadvantages of communism 3.Comparision of capitalism and communism 4.Conclusion CAPITALISM a. What is capitalism?
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Professor Innes Jerry “Sean” Hughes Mid Term Kant vs. Bentham Throughout the realm of philosophy there have been many arguments on the idea of ethics and what motivates human nature and guides our judgments. I will be focusing on two philosophers both of whom tried to answer that question. Jeremy Bentham whose views on what should be used to guide our judgments as to what’s wrong or right have been defined as utilitarianism. Focusing on a different idea using morals and a sense of duty
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Communism vs. Liberalism The farther and farther this class drove on through the semester‚ the more I heard the phrase repeated “what if there is no answer to the question?” In both On Liberty and the Communist Manifesto I feel they address this phrase‚ just in their own words. There is no one size fits all answer and now I am starting to understand that is truthful. Everyone believes that people are different; they think different‚ they act different‚ and they want different things. If that is
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American psychology professor‚ proposed the theory of Maslow’s Hierarchy of Needs in his 1943 paper ‘A Theory of Human Motivation’. This hierarchy suggests that people are motivated to fulfil basic needs before moving on to other‚ more advanced needs. Unless that basic need is satisfied‚ the person will not be much concerned with higher level needs. Comparisons From first glance‚ there seems to be very little in common between Maslow’s Hierarchy of Needs and McGregor’s Theory X and Theory Y. But after
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the same spiritual potential‚ hierarchy and controlling people is like harming your brother or your friend. Also it’s very hard to make hierarchy compatible with Jainism. Most formal types of hierarchy like governments only exist through violence‚ which Jains strongly oppose. Nonattachment also makes it hard to fit hierarchy into the religion. The entire religion is about learning to beat ajiva and to grow past the limitations of desire. Building a formal hierarchy is going to make you more closely
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World economy is the global exchange of goods and services. The first humans were hunter-gatherers. The men hunted and the women organized the farming and gathering in an egalitarian social model of equality for all men and women. About‚ 11‚000 years ago agriculture replaced the traditional hunter-gatherer routines for a more permanent and consistent lifestyle centered on agriculture (Pearson). As a result class or rank based societies were formed. The dominant government and society in European
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Capitalism and socialism are two different economic systems. Which one of these systems is better? In order to debate between Capitalism and Socialism‚ it is necessary to understand what the differences‚ advantages‚ and disadvantages are of both systems. Socialism is the economic system in which the government controls and makes all the decisions. Capitalism is an economic system in which the means of production and distribution are privately owned and operated for private profit. In a
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write down can be reversed in future periods if specific criteria are met. Under U.S. GAAP‚ once inventory has been written down‚ any reversal is prohibited. (To learn more‚ check out International Reporting Standards Gain Global Recognition) GAAP vs IFRs GAAP (US Generally Accepted Accounting Principles) is the accounting standard used in the US‚ while IFRS (International Financial Reporting Standards) is the accounting standard used in over 110 countries around the world. GAAP is considered
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Trefren‚ D Renaissance VS Neoclassicism How could two periods such as the Neoclassicism and the Renaissance be so successful and be focused on very different things? Neoclassicism and the Renaissance are two major periods in the history of art during which different forms of art including architecture‚ painting‚ music and visual arts‚ significantly advanced. It was during these periods‚ different artists became very famous as a result of the masterpieces reflecting how the ideologies and artistic
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Aristotle vs. Kant Ethical Teachings Central to modern ethical teachings are the views expressed by Aristotle and Kant‚ whose writings and works have influenced ethical issues over centuries. This essay presents a comparison between the ethical teachings of Aristotle and Immanuel Kant with the use of three concepts presented by Aristotle and Kant which in the context of a contemporary ethical issue such as abortion. Firstly will consider the philosopher’s views and ideas on living the best possible
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