1. Capitalism Viability in the Future
... our free economy competition serves by decreasing the prices of products but also increasing the quality of them. For example if there are two companies making chairs they both want the mass of people to buy them so they make them with the best quality parts that they can and sell it for the lowest possible price while still earning a profit. Because the price of the item is low and ... the quality is high more people will buy more of the product. Also the income of American's has been rising. In 1950 the average income of each person per year in the United States was $9729 and in 2002 ...
- Word Count: 1263
- Approx Pages: 5
- Grade Level: High School