Introduction to Sociology/Economy / Minji Moon



1.summary


This article is a college sociological analysis of the economy.This focuses especially on capitalism and socialism.First, capitalism is an economic system dominated by capital for the purpose of profit.Capitalism has been gradually developed from the middle of the 18th century through Britain and France and established by industrial revolution.In capitalism, bartering disappears and money is used.The characteristics of capitalism are as follows: ① It is based on a private property system ② All goods have prices, ③ Goods are produced for the purpose of profit making, ④ Labor is commercializedSocialism is an idea or movement to transform society by replacing capitalism with socialism.Socialism first started as an idea or movement aimed at realizing freedom, equality and social justice by the social possession of means of production.Socialism opposes the exploitation of capitalist labor wages and the resulting economic inequality. Therefore, socialism claims the joint ownership and management of production means, planned production and equitable distribution.


In addition to this, this article describes economic standards and the informal economy.
Economic standards include gdp and Gini coefficient.
Unofficial economy is an economic sector that is not taxed unlike the official economic sector and does not appear in the GNP statistics without being interrupted by any government agency. Examples of informal economies include domestic labor and black markets. This happens all over the world.





2. What was interesting


The informal economy was interesting.
The other parts are a bit of a knowing part, but the contents of the informal economy are the first to be seen.
It was interesting that housework was an economic activity that was part of the informal economy.





3.  Discussion





We live in a capitalist society. Capitalism is a competitive society.
But is socialism bad?
In Europe, there is a democratic socialist state derived from socialism.
These countries have very good welfare.
If you can choose a country, do you want to live in a capitalist country or do you want to live in a democratic socialist country?

Comments

  1. I may be living in a capitalist country, but I want to live in a socialist country once. Because capitalist society is unnecessarily competitive. For example, even if it is a prestigious university student, the probability of employment is hard to be determined. Of course, I do not think there is no competition in the socialist state, but I think it will do less than the capitalist state. Therefore, I want to live in a socialist country once.

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