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| Topic: |
Psychology
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| Number of pages / Number of words: |
9 / 2388 |
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Businesses will compete with each other giving consumers the advantage and therefore help the economy profit. Friedman believes that capitalism the economy will take care of itself and any outside forces would disrupt its process.
In capitalism the worker is a commodity in so as to produce the products needed for the market...
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Each individual does what they are best at producing and if everyone does this then each person's needs are taken care of. When each person is working they are paid money for their labor. With this money they can buy goods, which can fulfill their own desires, and so the trading of money for goods can take place in a capitalist market driving the economy forward (Smith 158)...
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