Question

Using the word “CAPITALISM,” create an acrostic poem that demonstrates your understanding of the term.

Answer 1

Answer:

C- Can boost economy as a consequence of innovative thinking

A- America is the biggest capitalist economy and it thrives

P- Price control is government regulation that is contradictory of a purely capitalist economy

I- investments are made efficient and effective by the private sector as they poised to make profit

T-Take the economy of the United States and nationalise all privately owned businesses and the United States may just become a Socialist economy

A- An added advantage is the Freedom to imagine and create and be rewarded greatly for it

L- less or no regulation on the private sector.

I-Individuals own most of the means of production in the United States, mostly capitalist economy.

S-sustainance and progress of the economy lies solely on the private sector.

M-most economies do not practice extreme capitalism as the government always intervenes

Explanation:

The above acrostic poem has somewhat explained capitalism in the most basic sense paying attention to the players in this economy.

Note the last letter, "M" where we explain that countries rarely practice free market economic systems. This is mostly because government intervention in these economies is believed to control disarray that may stem from letting private entities exist without regulations.

Answer 2

C - controlled by private owners for profit
A - allows every individual an equal chance of success
P - political and economic system
I - innovation is encouraged through this system
T - The United States of America is a capitalist country
A - Australia is a capitalist country
L -Laissez-faire capitalism is an offshoot of capitalism where the economy operates under a total absence of rules
I - inferior to alternative economy systems has not been proven
S - state capitalism, the government controls the economic system and may own all or part of the businesses.
M - mercantilism is an example of an early form of capitalism dating back to the 16th century