Home History History of Evolution

History of Evolution

Latest

No posts to display

EDITOR PICKS

Immense Sufferings Derived from Unscrupulous Greediness

Capitalism in the weightlessness

Is Food Nationalism Going to Be a Global Phenomenon?

POPULAR POSTS

nooresiddiqui Noore Alam Siddiqui

Financial Institutions cannot survive without honesty and trustworthiness

nooresiddiqui Noore Alam Siddiqui

Food safety: How much the authority is concerned about adulteration?

The faith in appearance by noore alam siddiqui

The faith in appearance

Most Viewed

The Middle Ages: Age of darkness or enlightenment by noore alam siddiqui

The Middle Ages: Age of darkness or enlightenment?

The faith in appearance by noore alam siddiqui

The faith in appearance

Economics deals with financial activities of human beings. It has its own natural flow based on multidimensional financial activities of people. But this natural flow depends on a number of factors like human behaviour, cultural heritage, national tradition, religious bars or obligations, social and political stability etc. Some control, motivation, manipulation and intervention of the controlling authority are inevitably needed to make an economy welfare-oriented. Welfare economics looks at the allocation and distribution of resources and how it affects an economy's overall perception of well-being -- thereby creating the highest possible social satisfaction among its members. It also works in contrast to capitalist ideals. In the capitalist economy, maximisation of profit is the main goal of the businessmen. They try to uphold the growth of their profit earnings by any means. Capitalist economy creates a consumer society where people are always self-centred and remain busy fulfilling their desires at any cost. Government intervention regarding economic matters is fully rejected in pure capitalism. Focus is instead put on individual choice, accomplishment and development as well as the pursuit of personal wealth. The theory behind capitalism supports that the society will experience an associated benefit through the pursuit of personal wealth. But such theory is seen as pretty much inhumane and costly

Prioritising welfare in economy

Trending Now

Immense Sufferings Derived from Unscrupulous Greediness

Capitalism in the weightlessness

Is Food Nationalism Going to Be a Global Phenomenon?

error: Content is protected !!