How the same economies of scale that work domestically also work Research Paper

How the same economies of scale that work domestically also work internationally - Research Paper Example Selling products cheaper enables the products to have ready market and are bought in large quantities than those that are expensive (Sowell, 2010). The term capitalism in the economic sense of view means that it is an economic system that has been accepted by economists as one which is the quick method to gaining wealth. It is based on the privately possessing merchandizes, and also the means of production which leads to the creation of products that serve as goods and services. All this is done with the intention of gaining profit. There are certain elements that are associated with capitalism such as the accumulation of capital, market competitiveness and a price system (Sowell, 2010). To the Biblical worldview individuals, capitalism is seen as a means to quick wealth and immoral since it brings about conflicts. Such individuals view capitalism as not looking out for the best interests and the common good of the people. With the passing on of capitalism in the economic market, it brings about inequality, waste, anti-socialism, lack of democracy, dictatorship, war and pollution. Biblical individuals see that as long as capitalism is present, then the above factors will continue to exist in society (Sowell,