Positive aspects of capitalism:

No one can really truly explain capitalism because only a select few fully understand it. When defined, we usually receive the answer that capitalism is an economic system in which goods and services are produced, distributed and consumed through the mechanism of free markets, based deeply on the right to public property and profit motive. This definition means nothing to us if we don’t understand certain aspects of capitalism such as profit motive and the ingredients for capitalism. Without land, labor and capital, capitalism wouldn’t be what it is today. The invisible hand gives us the land aspect of capitalism. The invisible hand is the “magic” aspect of capitalism which creates the demand for workers and products to be produced. When someone wants to sell an item, there are always natural resources that just “appear” thanks to the invisible hand. The invisible hand also gives us labor because people of the world have a specific need for jobs and money, so the rich people will always have others to employ. Capital (which is the main word in capital-ism) is basically any resource or object that will aid one in the creation of their product. "A great part of the unprecedented wealth creation went into sanitation and more abundant food and later into the research necessary to produce vaccines and antibiotics." (Boaz) Without the use of Land, Labor and Capital, we would have never been able to find all the resources needed to advance our technology and aid the people of the world in becoming more aware and healthy. In the definition of capitalism we also see this concept of profit motive which is a concept in which provides rich people with some incentive as to where they can get the most profit for their product. But profit, as many people may think, is not the money that is received from selling products, it is the money left over after paying the workers and other business expenses. Depending on the consumer, the market and many other small aspects, profit may change due to Market price. Market price is the highest price the consumer is willing to buy and the seller is willing to sell. Depending on the supply (total amount of resources for sale at all prices) and demand (the total amount of resources that products will be bought at all prices) the market price will increase or decrease. "General stores don't close down because of big evil Wal-Mart. They close down because they can't compete. They can't deliver the quality good at the lowest price. The market mechanism dictates these losers be replaced with the firm that will best serve the public interest."(Bland) As described here, depending on the market price, supply and demand, the little geral stores will have to compete and try and sell theyre products at a lower price that the consumer is willing to pay for, but still make a profit. Once the store is unable to lower their prices anymore and still make profit, they are run out of business and lose their store. This leads to many other aspects of capitalism which many do not fully grasp. These are the basics of economics. Although I may not have portrayed all of them, these are a few and will aid in the process of learning about our countries economic system.