This paper would focus on the study of the different kinds of economic systems and present the advantages of these systems. Furthermore, the paper would also discuss the different advantages and disadvantages of these systems, and would try to present a way in which the advantages of these individual systems might be mixed, in order to form a new and a better system. Capitalism, Communism, and Socialism are the three different systems that will be studied in this case, in order to
Creating a new ideology of economic system can be efficient for nation than itself today. The most common economic systems in the world are Capitalism, Socialism, and communism. The question that we try to identify here is whether combining the specific aspects from each economic system, can be a better choice for nations or creating a more efficient Gamzeism that is more efficient than each system alone, would be more suitable? There are still flaws in these systems that prove to be the barrier in making people satisfied in their expectation from these economic systems. These include things such as unemployment, health care, standard living, etc. along with other things such as, emotionally nation happiness and comfort in their economic system. Politics always affects these systems (Bacher, Christian, 2007). If these systems are combined, in order to fulfill the missing parts in each of the system, it might result in the creation of the most happy, peaceful, and economically powerful country in the world. The founder of this ideology is GamzeOrdulu. This new ideology has been named after its founder and is called Gamzeism (Bacher, Christian, 2007). In general, I am trying to create an ideology that is unique and based on nation's issues, dissatisfaction and miserableness, due to the lack in these economic system in order to answering the questions “what kind of economic system would satisfy the people? What kind of expectation do people have to live better and if these factors come together how would it turn out to be? How the general appeal of the country would be?
Gamzeism, as an ideology is the creation of advantages from the combination of the three most common economic systems which are Capitalism, Socialism, and Communism (Holmes, Leslie, 2009). It takes the main advantage of each system that includes free trade from Capitalism, equality from Communism, and rights from Socialism. Mixing all main point of these gives a basic ideology of Gamzeism that refers to having a country that can neglect the effects of politics in the economy, giving its believers freedom, effective industry, equality of a nation, and profits that can be more evenly distributed among the people.A phrase coined by Adam Smith “invisible hand” to describe the process that turns self-directed gain into social and economic benefits for all (Holmes, Leslie, 2009).
Discussion
Both traders and trade existed that there is civilization, but capitalism as an economic system, in theory, did not appear until the seventeenth century in England replacing ...