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Apuntes

```plaintext • Subtopic: Capitalism Capitalism is an economic system where private individuals and businesses have ownership and command of most of the factors of production. The primary goal is to make a profit. The role of government is minimal, and the market is free. Types of Capitalism: - Turbo Capitalism: Characterized by lower taxes, financial deregulation, and increasing privatization. - Crony Capitalism: Involves some regulations over a few things, such as laws and taxes. - State Capitalism: The government carries control over laws, taxes, trade regulations, and commercial activities. Pros of Capitalism: - Freedom for buyers and producers. - Better quality in products due to competition. - Higher customer satisfaction. - Innovation is a common process. - The decision-making process is faster. - Economic growth is faster. Cons of Capitalism: - Unequal income distribution. - Monopoly. - Environmental issues. - Exploitation of workers. - No freedom to choose where to work. ``` --- ```plaintext • Subtopic: Urbanization Urbanization is the process of creating more houses and facilities, such as water, communication, roads, health services, education services, recreationa...