Introduction to Sociology /Economy/ Eunji Lim/ "Examing Korea's capitalism through opportunity cost"
Examining Korea's capitalism through opportunity cost
what we lose and gain by choosing
index
1. What is capitalism?
1) Definition of capitalism
2) Characteristics of Capitalism
3) The advantages and disadvantages of capitalism
4) Korean Capitalism
2. Exploring Korean capitalism through the opportunity cost
1) Definition of opportunity costs and sunk costs
2) The cost of lost opportunity due to Korean capitalism
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1. What is capitalism?
When I read capitalism in the first place, the following thoughts was "capitalism is a system that followed democracy".
I thought the opposite of democracy was Communism, but looking for references to references, I found that the opposite of communism was the part of capitalism. In this respect, there was a curious curiosity about capitalism.
The image associated with the word capitalism is called the " economic system that most countries adopt. "
Most countries live in capitalist societies, although not all nations are dominated by the capitalist system. In this part of the story, this bloging will try to deal with ' capitalism ' the most interesting thing in the of atticle.
Most countries live in capitalist societies, although not all nations are dominated by the capitalist system. In this part of the story, this bloging will try to deal with ' capitalism ' the most interesting thing in the of atticle.
1) Definition of capitalism
As mentioned earlier, various countries are living economically under the economic system of capitalism.
The development of such a system is a relatively long time in the history of mankind.
The development of such a system is a relatively long time in the history of mankind.
Capitalism began growing in the feudal system beginning in the 16th century.
From the middle of the 18th century onward, it was established by the Industrial Revolution of England and France, and was established by the Industrial Revolution in the 19th century, and entered into the 19th century and the United States.
From the middle of the 18th century onward, it was established by the Industrial Revolution of England and France, and was established by the Industrial Revolution in the 19th century, and entered into the 19th century and the United States.
The term capitalism is a term coined by socialism beginning with the beginning of capitalism. There is not a uniform definition of capitalism because many scholars claim a variety of definition of capitalism.
Definition of Capitalism
1) Proportion of product production for profit acquisition
2) In terms of currency economics (in this case, the existence of capitalism in this case, in part, in the case of ancient and medieval societies)
3) It is sometimes used as a means of laissez-faire based on the economic property of the socialist plan.
2) Characteristics of Capitalism
The characteristics of capitalism
① It is based on a private property system.
② All goods are priced in price.
③ Production of goods is carried out for profit acquisition purposes.
④ The labor force is commodified.
⑤ Production is haphazard as a whole.
(Clarification Breakdown Structure by Scholars)
K. Marx
attributed the characteristics of capitalism to the purpose of producing goods for profit purposes, and the fact that labor is commercialized, and that the production of manufacturing is haphazard.
W.W. Montobart
is a capitalist economic organisation that is dominated by the capitalist system, the owner of the economy, the owner of the production medium, and the owner of the manufacturing medium, and the owner of the economy, who is governed by the combination of production instruments, and the economic system.
M. Weber
defined modern capitalism as a ' mental attitude ' of organized and rational pursuit of legal profits.
=====>> Capitalism refers to the mental attitude of trying to earn profits by the production of goods. Capitalism or the capitalist economy refers to the distribution and economic organization that produces goods under this attitude.
3) The advantages and disadvantages of capitalism
Pros and Cons of Capitalism
I read the article on capitalism and thought about the pros and cons of capitalism
I read the article on capitalism and thought about the pros and cons of capitalism
(Advantages)
First, there is freedom of economic activity. People can choose a job at will, produce it at will, and consume what they want.
Second, because of free competition for the purpose of earning profits, people are able to produce good products in abundance and at a reasonable price by using creative thinking. (This results in the provision of good quality, abundance, and cheap ash to society.) This is said to be led by A. Invisible Hand.
(Disadvantages)
The back of capitalism will be related to the unequal distribution of wealth and power.
First, the difference between rich and poor is large. In recent years, however, the union power has been strengthened and the income redistribution policy by the state has been promoted.
Second, as production runs on the basis of free competition, there is a tendency for panic and unemployment to occur as a whole.
4) Korean Capitalism
Korea's capitalism
Thus, by reading the article on the capitalist part and looking for a part of it, I was wondering, "What about Korea's capitalism?" This is due to the fact that these systems follow various patterns in various countries.
The following table is a chronology of modern Korea when the capitalist system that I have summarized is officially starting to take root
Thus, by reading the article on the capitalist part and looking for a part of it, I was wondering, "What about Korea's capitalism?" This is due to the fact that these systems follow various patterns in various countries.
The following table is a chronology of modern Korea when the capitalist system that I have summarized is officially starting to take root
I made this graph because it was hard to find a process in which the modern Korean capitalism was established
In the Chosun Dynasty, capitalism existed, but the royal power was weakened by the colonization of Japanese colonialism and capitalism flowed in. Since then, Korea has settled down in the era of capitalism in its earliest form and emerged as a perfect capitalist state in the 1970s. With the economic growth of the 1980s, Korea begins to take on a rapid recovery. However, the IMF crisis in the late 90s brought a crisis.
In the Chosun Dynasty, capitalism existed, but the royal power was weakened by the colonization of Japanese colonialism and capitalism flowed in. Since then, Korea has settled down in the era of capitalism in its earliest form and emerged as a perfect capitalist state in the 1970s. With the economic growth of the 1980s, Korea begins to take on a rapid recovery. However, the IMF crisis in the late 90s brought a crisis.
Since then, in the 2000s, Korea overcomes the economic downturn. Korea has made the world's economic power of the 4th and 50th in the top 10 in 30 years, and succeeded in entering the top 10 in the 2010s. It is not easy to find such cases in any country. In this regard, I was proud of Korea.
As I made the mark, I could read many twists and turns in the flow of Korean society. In addition, as a person living in a society with many bends, I could feel the barriers to the opaque reality of knowing the future times.
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2. Exploring Korean capitalism through the opportunity cost
The choice of moment determines the outcome _ opportunity cost
Now, We will get to the main toic of this task in earnest.
I have discussed Korea's modern capitalism.
In this lesson, capitalism from the 7th to the 80th century in Korean society will be treated with economic terms such as opportunity cost and investment cost.
I have discussed Korea's modern capitalism.
In this lesson, capitalism from the 7th to the 80th century in Korean society will be treated with economic terms such as opportunity cost and investment cost.
I have discussed Korea's modern capitalism.
In this lesson, capitalism from the 7th to the 80th century in Korean society will be treated with economic terms such as opportunity cost and investment cost.
I have discussed Korea's modern capitalism.
In this lesson, capitalism from the 7th to the 80th century in Korean society will be treated with economic terms such as opportunity cost and investment cost.
1) Definition of opportunity costs and sunk costs
[Opportunity cost]
The opportunity itself, or the value of that opportunity, that has the greatest value of any opportunity
(Invisible cost)
[Suck cost]
The cost that can not be recovered (the visible cost)
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When I was in my second year of high school, I chose 'economy' as an elective course. As I learned shallow economic subjects at the high school level, the opportunity cost and the burden were my favorite part.
Human beings are in every moment, situation of choice.
When I was in my second year of high school, I chose 'economy' as an elective course. As I learned shallow economic subjects at the high school level, the opportunity cost and the burden were my favorite part.
Human beings are in every moment, situation of choice.
Knowing that the outcome depends on which choice you make, we rethink much to make a wiser choice.
For me, the expectation of what to lose, what to get, and what the consequences of this choice made the concept of opportunity cost more interesting.
I was able to read the capitalist part of a given article and correlate Korean capitalism with the opportunity cost of Korea associated with it.
For me, the expectation of what to lose, what to get, and what the consequences of this choice made the concept of opportunity cost more interesting.
I was able to read the capitalist part of a given article and correlate Korean capitalism with the opportunity cost of Korea associated with it.
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2) The cost of lost opportunity due to Korean capitalism
If so, what is the relationship between capitalism, opportunity, and investment in Korea?
If you have covered Korea's modern capitalism in the table of contents 1-4, I would like to talk about the capitalism of modern Korean society in this 2-2 table of contents.
I think Korean society is showing a stable capitalist system through rapid economic growth in the 1970s. As a result, we can say that the economic burden and creativity mentioned above are the buried cost.
But in the shadow of the backside, we were able to find the opportunity cost that Korea missed.
(The opportunity cost that Korea missed through capitalism)
# a back-scratching alliance of government and businesses exposed to the surface of the water
In the process of rapid growth of capitalism in Korea, political and political power and corporate power coexisted, resulting in a degree of corruption.
In the process of rapid growth of capitalism in Korea, political and political power and corporate power coexisted, resulting in a degree of corruption.
We can not deny this. The flow of money flows the power and authority.
The accumulation of wealth followed the power, and the relationship between power and wealth became a big obstacle to the development of Korean democracy.
In other words, Democracy was kneeling before power.
The aspect of canalization lasted for quite a long time under water.
Suspicion and intimidation of political transparency have always been an issue for the Korean people.Unfortunate, or fortunately, the fact that Choi Soon-sil situation has just been revealed over the surface of the water reveals the authentic authenticity and secrecy of Korea's canonization.
We have elected a new president, and Korea is walking carefully to the outside for a better future.
# inequality problem stuck Naturally
The opportunity cost lost through capitalism is not just the transparency of the relationship between politics and the economy.
Economic inequality, the gap between rich and poor, human rights and the rights of workers are indispensable tasks in this area.
In the early 1980s, canonical cohesion began with the government 's substantial support of corporations, and the companies that were supported then grew into so - called big companies.
But let's take a closer look.
99% of domestic enterprises are SMEs. While 76% of the workers work for sall enterprises, most domestic goods follow the structure of large enterprises.
As the flow of goods between large corporations and SMEs became polarized, the gap between rich and poor in Korea became worse.
If so, we could expect that there will be no problems even within large companies, but the problem of irregular workers is also serious in large corporations.
There are a lot of Koreans who want to join a big company for a stable life. It is difficult even to enter a company, but the transition to full-time employment does not occur. They still have to live an unstable life.
Also, in the process of capitalism development, a distorted work culture is settled in Korea. The bureaucratic and vertical relationship between bosses and subordinates has greatly infringed workers' human rights. Some say it is due to Confucian culture, but confucian culture and authoritarianism are clearly different. The culture of Korean workplace, where the authority is melted, is also one of the areas to be improved.
ps. I think it is possible to get a unique definition of Korea at an opportunity cost. This led to materialism and selfishness in Korea.
Also, in the process of capitalism development, a distorted work culture is settled in Korea. The bureaucratic and vertical relationship between bosses and subordinates has greatly infringed workers' human rights. Some say it is due to Confucian culture, but confucian culture and authoritarianism are clearly different. The culture of Korean workplace, where the authority is melted, is also one of the areas to be improved.
ps. I think it is possible to get a unique definition of Korea at an opportunity cost. This led to materialism and selfishness in Korea.
>Night Shift culture in Korea
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So far, I have dealt with the things that Korea has lost in adopting capitalism. I was not happy with the fact that it was the actual situation that faced the skin.
I love my country and I am satisfied with the freedom and happiness I have gained from living in a capitalist society. But at the same time, I want to solve these chronic problems. What can I do for a better Korean society?
I love my country and I am satisfied with the freedom and happiness I have gained from living in a capitalist society. But at the same time, I want to solve these chronic problems. What can I do for a better Korean society?
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