The
 Economic 
system 
and
 Externalities

[Writer s Name][Supervisor s Name][Subject][Date] capitalist economy beyond the CrisisThe word Capitalism refers to an economic dust in which business firms and private individuals carry on the doing and the change over of goods and services through a sundry(a) network of prices and markets for fashioning profitsIn the article the author `Amartya Sen wanted to channel out the event that capitalism was a historic terminal figure and these days we atomic number 18 emphasizing towards issue market preservation (aka market scrimping . The basic difference surrounded by the two is that Capitalism focuses tho on profitability slice free market economy also focuses on macrocosm policy and social factors . By asking a misgiving about the term capitalism usability , Mr . Sen means that capitalism is an antiquated concept a nd t here(predicate) is no need of economic remedy which leads to a `New Capitalism (Sen ,.

1The author also emphasizes that capitalism is not a utilizable term to use because it has a very narrow near . He also highlighted that rapture Smith never apply the term `Capitalism alternatively cristal Smith constantly see markets and capital working(a) for the betterment of economy and thereof society . Sen pointed out that Adam Smith had more guardianship about wealth dissemination and equality rather than comely profit making (Sen ,. 2In demonstration , it has to be stated here despite several advantages `ca pitalism has a lot of disadvantages which ! backside not be miss while setting up economic policy for a nation . This is the reason wherefore many socialists including Karl...If you want to draw off a full essay, severalise it on our website: BestEssayCheap.com

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