Considerations in Real Estate Investing
But real estate is something, which more people become involved in, chiefly since every person throughout time considers buying a home for himself. Investing in the correct of real estate, at the appropriate time, with right agent isn’t always a cakewalk. There is without doubt no denying that fortunes might be made in real estate, it also holds equally true, that it is not an easy choice. Speak with people, who have invested in real estate, they will vouch for it. But it must be remembered that no expenditure is completely risk free, and everywhere a certain quantity of appropriate hard work is demanded.
Monopoly Capitalism: A system in which the means of production are all privately owned by huge corporate conglomerates that bring in exorbitant profits by eliminating the competition component of the free market. Pure Capitalism (also Laissez-Faire Economics, Market Economy or Free Market): A system in which the government doesn’t interfere. The system works on the principle of a Free Market, in which all financial dealings are controlled by private producers and consumers.
In the end, it’s all about finding a way to turn a profit. Profit results from obtaining or producing goods for less than you sell them for. This core value of capitalism dates back thousands of years to a practice known as mercantilism. Finance Capitalism: An economic system in which the product is money instead of goods. On the next page, we’ll look at how capitalism may owe its very existence to the spread of Islam from the Middle East to Europe.
In a socialist or communist economic system, the owner of production is the state or the society, and the benefactor is the society. It’s impossible to talk about capitalism without talking about political and social viewpoints. Capitalism clearly goes beyond economics. In a fascist economic system, the owner of production is the state, and the benefactors of production are first the state and second the society. Capitalism is rooted in views about individual rights, liberty and human nature. In theoretical capitalism, the world revolves around the individual, the individual is inherently good, and individual self-interest benefits society as a whole.
The exclusion of government from economics just didn’t work. Beginning in the early 1900s, governments started intervening to protect the working class from the owner class. However, competition is also crucial to the self-regulation necessary for capitalism. Monopolies eliminate competition, which means the economy is no longer in its natural state. Franklin Roosevelt’s New Deal administration created jobs with the purpose of raising employment levels and poured government money into the economy to try to end the depression. The 1929 stock market crash and the subsequent Great Depression brought about more changes. In the U.S., Congress passed laws that made child labor illegal, capped the length of the work day and banned monopolies. To some, the anti-trust laws of the 1920s seemed to go against the values of capitalism, which they partly did.
The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. When fewer people want something, supply goes up and price goes down. The government’s only real role in capitalism is to maintain peace and order so the economy can work without interruption. This laissez-faire (anti-interference) system of economics relies on interconnected, self-regulating networks of producers, consumers and markets that operate on the principles of supply and demand. Essentially, when more people want something, supply goes down and price goes up.
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