Free Answering To Questions Critical Thinking Example

Introduction

After the proposed definition of economics which has been stated by Adam Smith and Alfred Marshal in the very early stages of economic sciences, there were many authors who explicitly come over the screen to retaliate about the economic definitions. Earning the money and consuming it in an organized manner is the most powerful and widely used definitions of economics.
The entire concept of economics and its management is divided into two important topics which are Macroeconomics and Microeconomics. Macroeconomics is the branch of economics which have been proposed and related with the economics of the country, while microeconomics deals with the economic sciences and consequences of the individuals.
There are numerous concepts that specifically stride under each of the economic concept. Economists and authors have highlighted numerous aspects into consideration that include different economic based theories as well. One of the best examples of the theory is known as Capitalism Economy.
The main objective of this assignment is to answer three different questions that relate specifically with the Capitalism and Capitalist Economy, which have now emerged as an important aspect from different standpoints particularly. The assignment is distributed into three different sections which are introduction, analysis and findings and conclusion. All the answers have been answered in the Analysis & Findings section.

Analysis & Findings

DeSoto Argument about Something Else
There is a case study which has been attached and associated with this particular assignment in which the importance of economics and different theoretical aspects and frameworks have been defined accordingly and effectively in the discussion. Theoretically, Capitalism is all about a state in which an economy system starts to emphasize on their private sector to accomplish different operations for the productivity of the economy like trade, industrialization and others.
Capitalism associated with the companies which are trying to operate for the profit purpose. According to the case study, the economies which are having the capitalist state are more productive and economically active then other economies which are not complying with the same state. However the idea of DeSoto is totally against this aspect. According to DeSoto, capitalism is not enough as economies required something else for their economic expansion and prosperity. The real meaning of DeSoto in this particular point is related with providing of freedom to the citizens of the country.
Countries which have a powerful government with effective and organized foreign and international policies are also entitled to increase the level of their effectiveness in the market with a positive mindset. DeSoto had stated the example of some developed countries of the world which are the United States (US), United Kingdom (UK) and others which are promoting independence in their core functionality and operations apart from having the stance of capitalism to become economically active and powerful.
Other economies which are operating in the world have the chance to flourish their earnings with a positive mindset in the market to make the things in their own favor. Strong reliance and influence over Capitalism is not the only solution for the economies to become economically profit. Therefore, it is suggested to the world from DeSoto to emphasize on other factors as well apart from the Capitalism to flourish positively and effectively in the market with a positive mindset and attitude.

Communist China and Something Else

Economic prosperity, expression of view and freedom of speech are some of the major and basic rights of a human being, and they are the one who execute this particular aspect in a well organized manner. According to different authors of economics, capitalism is the most important thing for the economies as it helps out the economies to have prosperity and freedom in their core workings.
According to the case study, the case of China is somewhat different. The case study revealed that one of the fastest growing economies of the world “China” is having a problem of dictatorship in it, in which the people don’t have the rights and choice to deliver the best things for their effectiveness.
There are certain parts of China wherein the people don’t have the independence to raise their voice against any mishap or illegal cause that can ruin their productivity and the level of efficacy. Basic Rights including the Freedom to Speech and Freedom of religion are some of the most important aspects that associated with an economy to flourish their economic determinants to compete with other economies of the world which are having somewhat similar tendency.
Other parts of China are flourishing positively in the market, and in the favor of becoming the largest economy of the world surpassed with the United States in the near future, but still there are some parts of China which are under severe influence of Communism which will make them unable to flourish the effectiveness in their own marketplace. It is found that the argument raised by DeSoto doesn’t exist prominently in the economic structure of China which will is not allowing them to grow substantially well in the economic place. Until and unless the government of the country takes good care of their increasing population and undue influence over the existence of different religions there, it is not possible for them to have high Gross Domestic Product (GDP) in the market with a positive attitude. China has a Capitalism economy, but the effectiveness is not spread in the entire region yet which may dismantle their functions in the upcoming years. Two examples which found in the community of China are freedom of religion and freedom of speech.

Section-3

Communist China and Milton’s Statement
Milton is known as one of the most efficient authors of their time who founded number of aspects related to the economic prosperity and prosperity of an economy. There are number of economies of the world which are trying to flourish in the world in comparison with other economies, and it is possible by managing the operations and economic functions through powerful decision making stance.
According to the reading between the lines of part-2 of the assignment, it is clear that Communist China will become very successful like the United States, UK and other economies of the world to produce prosperity, but they should not forget the basic principles of prosperity. As mentioned above, economics is the name of earning and utilizing the money with positive mindset is the most important aspect that associated with the economies in particular.
Milton was found interactive in the fact to completely eradicate the stance of dictatorship from the society to bring positivity and efficacy within their core functionality and effectiveness; otherwise it will be very difficult for the economies of the world to become economically prosper and effective.
Milton found that the idea behind the success story of China will only become possible if freedom will be given in the rights, decision making and basic rights to humanity, and it is the only thesis which will be very effective and essential for almost every part of the world like China. First of all, there is a need to completely eradicate the factor of dictatorship from the Communist region of China, and then move towards the other aspects to become economically prosper and make such strategies from which they can compete with other economies of the world. There are certain examples found in the Communist of China to bring economic prosperity in their core functions to have economic prosperity within their functions, which can become a sort of example for other countries of the world to have economic consequences and action in their operations.

Conclusion

Macroeconomic Indicators are more powerful and effective for the entire economies as compared to microeconomics because it is more towards having a broad action and affects. Almost every organization of the world is now trying to introduce and enhance their macroeconomic functions to become more powerful and effective within their operative functions. One of the most important concepts that ever introduced in the history of Economics is Capitalism. It is very important for the economies to have Capitalism in their functions and operations. The main perspective of this assignment is to answer three different questions relates to capitalism and capitalist economy, and it is found that Capitalism is very important for an economy, but it should be used with strong compliance of the standards to gain maximum advantage.