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Showing posts from October, 2021

Capitalism & Competition 1.O

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  INTRODUCTION Capitalism is an economic system based on the private ownership of the means of production and their operation for 1 profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor. In a capitalist market economy, decision-making and investments are determined by owners of wealth, property, or production ability in capital and financial markets-whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership,

Gender Inequality: What really needs to change?

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Introduction: Gender inequality is the social process by which men and women are not treated equally. The treatment may arise from distinctions regarding biology, psychology, or cultural norms prevalent in society. Despite progress being made toward achieving equal rights; women and girls all over the world continue to experience inequality, discrimination, and harassment and face significant barriers to achieving their full potential. The daily experience of gender inequality ranges from undermining portrayals of women in the media and underrepresentation of women in positions of power, to direct discrimination and breaches of their human rights. Social expectations and assumptions about the abilities, roles, and opportunities that should be afforded on the basis of gender continue to define the life chances of women today. History: When people try to understand why women and men are unequal today, they usually find they must contend with the question of gender inequality's