Features of capitalism
In a capitalist system private households need goods. They buy these goods from the income that they have. Some households have more income than others. Sometimes only one member of a household has a job, at other times both husband and wife go to work. Then they have more money to buy goods. This is the demand side of the economy.
On the other side companies and businesses offer private households goods and services. They produce the goods that they think consumers will want to buy. To do this they need workers to produce these goods and services. This is the supply side of the economy.
Companies and households get together at markets. Here they exchange goods, services and jobs (labour). A market is a place where people buy and sell things. In a capitalist society the prices of goods, services and labour are determined by supply and demand. If a lot of people want to buy a certain product its price will go up. Products that are mass produced usually have low prices.
Capitalism | How governments regulate the economy | Supply and Demand | History of Capitalism
Articles in Easy, Understandable English for Learners
I found this especially for "anti science" and "anti education" USMB Republicans who don't believe that anyone who says "Supply and Demand" understands "Capitalism".
I really believe they are worth "salvaging". They just need a little education and then their positions can possibly become "coherent".
This is why their saying, "Corporations make jobs" is retarded. Without "demand", corporations won't make jobs. They are not charities. When people don't have money, there is no demand, which means "no jobs". There has to be a "demand".
This is why we need to rebuild America. Rebuilding America's infrastructure will also rebuild America's economy. Why? Because people will have jobs. That means they will have disposable income. That means "demand". THEN comes "supply". A rebuilt infrastructure will generate even more jobs. Corporations are attracted to easy and inexpensive transportation, electricity, roads and bridges. Yes Virginia, it's just that simple and that's how it really works in real life.