Capitalism Essay Example | Topics and Well Written Essays - 500 words - 4

Capitalism - Essay Example In the political context, capitalism is the system of  freedom and legally it rules of law  opposed to rule of man. Economically men’s freedom is applied to the sphere of production. In the modern time, economists argue that capitalism works as a system of natural forces with the supply and demand that tends toward equilibrium. Governance here serves as the main distortion of capitalism and any opposition to capitalism is equal to the opposition to the markets. While Scott (2006) argues about the capitalism to be defined as an economic system with private actors to own and manage the use of property, the pricing mechanism coordinates supply and demand in the markets in the best interests of society. Government, in this view is responsible for tolerable taxes. In the simple word, Murray (2012) considers capitalism lifted the world out of poverty since it gave people to be richer as they create value and reaping the rewards. Thus, the concept of capitalism is perceived as th e indirect governance for economic, political and administrative relationship where organized markets exist with the set of institutional foundations with various rights and responsibilities that are created and regulated under the protection of a political authority (Rand, Branden, Greenspan & Hessen, 1986). While capitalism is taken for granted for many people, Wright (2007) states that certain behaviors of economic policies of the government may receive great criticism where capitalism as such is able to develop the negative consequences. Some bad effect of capitalism involves human misery and thwarted lives (Wright, 2007) and in general capitalism generates unnecessary human suffering. It raises the question of greed with exaggerated single-minded pursuit of self- interest which is in the context of capitalism to be the economic system that is driven by the profits.

Calculus project Lab Report Example | Topics and Well Written Essays - 1000 words

Calculus project - Lab Report Example Q2. A scalar quantity can be either negative or zero or positive. This depends on choice of the reference point or zero point. Choice of reference or zero comes from convention and / or convenience. Suppose someone is conduction an experiment and observing some change with time; then he can choose zero time as per his convenience and there is nothing that can bar his choice of zero or reference point for time, if some choice of zero reference point is offering him some convenience in formulating some equation or like that he is free to choose it. Once he has assigned some zero or reference point for time, the time corresponding to all the preceding events becomes zero. In fact we write 1999 AD which is nothing but +1999 year and similarly a date like 530 BC is as good as -530 years. Similarly, another scalar quantity temperature is often measured in negative with melting point of ice being 0o Celsius and all the temperatures below it being negative temperatures. Similarly one can find many instances where scalar quantities are have negative values. Q3. A vector quantity is formed by vector addition of its components. Therefore, if any of the components has a non-zero magnitude the vector will also have a non-zero magnitude. So it is not possible to have a vector of zero magnitude if one of its components is not zero. However, under some operations, in which the magnitude of the resultant depends not only on the magnitude of the individual vectors but on the angle between the two vectors as well; one can get a resultant of zero magnitude. This is illustrated below. This means resultant of two vectors with unequal magnitude can be zero under scalar product provided the two vectors are mutually perpendicular. Physically work done by a force is zero if the displacement caused by it is normal to its direction. This means resultant of two vectors with unequal magnitude can be