Capitalism
An economic and political system in which a country’s trade and industry are controlled by private individuals as owners rather than by the state or government.
Adam Smith
inventor of Capitalism famous for his book “The Wealth of Nation”
father of modern economics
Scottish economist, philosopher and author
Profit motive
production and distribution of goods, and services in the society is towards profit.
Profit motive, Private property right, Consumer sovereignty, Freedom of enterprise, Competition (quality and quantity), Income Inequality
Capitalism six core values
Market Economy
an economic system where in the economic decisions and the pricing of goods and services are guided by the interaction of the country's individual citizens and business
Free-market economy
a capital society is a
Socialist society
Distribution of goods or resources is done by the state
Non-capitalism
The State makes sure that each class in the society gets access to resources.
An economy that does not support capitalism
Food production, Commodity production, Employment and Labor, Market integration, Technological innovation
Agriculutre in a capitalist society
Food Production
Agriculture is the primary source of food.
It satisfies basic human needs and drives consumer demand.
Commodity production
Agricultural products are important commodities in a capitalist economy subject to forces of supply and demand.
Selling and buying agricultural products generate revenue, stimulate economic growth, and drive trading and commerce.
Employment and labor
Agriculture is a labor-intensive sector and thus provides employment opportunities.
Market integration
Due to globalization, agriculture is integrated into global trading, supply chains, and international commerce.
Technological innovation
In a capitalist society, agriculture is the catalyst for technological innovation and scientific advancement.
Subsistence agriculture, Community ownership, Cultural and Traditional practices, Local and informal practices, Resistance to capital exploitation , Sustainability and resilience
Agriculutre in a non-capitalist society
Erramon I. Aboitiz
Aboitiz group
Andrew Tan
McDonald's and Emperador Light
John Gokongwei Jr.
Robinsons
Tony Tan Caktiong
Jollibee, Chowking, Mang Inasal
Henry Sy
SM
Lucio Tan
Philippine Airlines
Resistance to capital exploitation
A non-capitalist agricultural system serves as a form of resistance to capitalist exploitation and external pressures.
Sustainability and resilience
Agriculture in non-capitalist societies is often characterized by sustainable practices.
Local and informal economies
In non-capitalist societies, agricultural production is engaged in local, informal, or barter-based economies with no formal market systems.
Cultural and Traditional practices
In non-capitalist societies, agriculture often reflects cultural traditions, customs, and indigenous knowledge systems
Community ownership
In non-capitalist societies, agricultural land and resources are owned and managed collectively by communities or extended families rather than by private individual landowners.
Subsistence agriculture
In many non-capitalist societies, agriculture is primarily oriented towards subsistence
Crop scientist
develop cropping systems in which production packages comprised of crop or pasture communities set management practices of farming systems relative to a particular farm.
Soil scientist
develop effective soil and nutrient management strategies to improve crop yield and maintain a healthy soil environment.
Crop protection
develop effective soil and sustainable methods of managing pests and diseases of crops.
Extension agents
development communicators develop effective methods to disseminate new agricultural knowledge and technologies to the farmers.
Agricultural and Biosystems Engineers
develop machinery and equipment to facilitate production fertilizing, operations, which include equipment for land preparation, seeding, cultivating equipment, irrigating harvesting.
Industrial agriculture
has increased agriculture tremendously global agricultural productivity, it’s a diverse industry making it an excellent employment avenue
Agriculture
is the world’s oldest and one of the most important professions in the world. According to the Food and Agriculture Organization (FAO) OF United Nations, more than 60% of the world’s population depends on agriculture for survival.