Capitalism

There are many aspects in which capitalism can be defined. One definition that capitalism can be is the economic system in which goods and services are produced, distributed, and consumed, through the mechanism of free market based on private property and profit motive. The three major components of capitalism are land, labor and capital. Land is the natural world in which the product is made. Labor is the work that was put into making and selling that product and lastly capital is the resources that are used to re-shape or enhance the product so that it can be at its final form. Furthermore into capitalism supply, demand and profit play a role in having a business. Supply is the total amount of resources and or products for sale at all prices. Sometimes their can be scarcity which is the limit of resources.


There are many labels in which capitalism is made up of but one of the most is the profit motive. Many businesses will try and get the best price from you for the product. Many will team up and join forces which is called "price fixings". This is when business join together to try and better their profits instead of competing. For example, as a class some pretended to sell lemonade and some people were the customers and the object was to find the best price you can get the lemonade for. Eventually at the end two merchants joined together and fixed the price. In conclusion, capitalism is an economic system in which products are produced, distributed and consumed through profit motive and a free market. Land, labor and capital are one of the many elements that help make up capitalism.

Final Draft:
What is the American Way of Life?

When the topic of the American Way of Life is brought up into conversations many debate as to what the American Way of Life is. While interviewing some of my family members on the topic my dad’s response was “freedom to be and do what you want, nothing against the law”. This meaning that there are boundaries as to what freedom really is. Going against the law can cost you your freedom.


To get more ideas as to what the American Way of Life is outside of my life I interviewed people who lived or worked around School of the Future. I interviewed a middle class man of a Hispanic background and asked him the same question, what is the American way of life? He began to say freedom as many others but changed his answer to “taking care of my son and paying the bills, being the rock of the family”. He worries and does what is needed for the family to get them the necessities they need in life.


I also interviewed a man who works at the deli near school and is an immigrant. He said "I love this country, i came here have a better life." Many immigrants come to America because there are many opportunities here. A lot of immigrants come to live what they call "the dream" but to people who were born here don't see America as that. I spoke with an American who was born and raised here and he said the America way of life was to get an education, make money, and be successful. Different people have different views of what the typical American way of life is and that what makes each and everyone of us unique.

Draft #1:
What is the American Way of Life?

When the topic of the American Way of Life is brought up into conversations many debate as to what the American Way of Life is. While interviewing some of my family members on the topic my dad’s response was “freedom to be and do what you want, nothing against the law”. This meaning that there are boundaries as to what freedom really is. Going against the law can cost you your freedom.

To get more ideas as to what the American Way of Life is outside of my life I interviewed people who lived or worked around School of the Future. I interviewed a middle class man of a Hispanic background and asked him the same question, what is the American way of life? He began to say freedom as many others but changed his answer to “taking care of my son and paying the bills, being the rock of the family”. He worries and does what is needed for the family to get them the necessities they need in life.