The economy is the major social institution through which a society produces, distributes, and consumes goods and services.
Today’s expanding global economy produces and consumes products and services with a little regard for national borders.
The Capitalism is creating a very competitive marketplace. Because Capitalism is based in profit for private properties, it helps to increase the social income inequality.
In other words, whoever has money is making more money, swallowing the ones less fortunate.
My family lives in the same neighborhood for years. A couple years ago my father opened up a mini market. It was a very help hand kind of market because supermarket was really far from the neighborhood.
Things were just going fine. My father could maintain competitive prices. His mini-market had important products. Sometime after, the Super Center Style Market came to its show. Even the supermarket was affected… Imagine my father’s mini market!...
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