Title: Theory / Unimportant / Human / Economics / Capitalism / VSI

Name: Capitalism
Definition: the investment of money in the expectation of making a profit
Page: 2

Question: Why did Dutch kept a lot of things in big hangar
Answer: destroy competitor by flooding market with goods
Page: 4

Question: How did sailor made high profit
Answer: by ensuring monopoly
Page: 4
Chapter: 1

Name: derivatives
Definition: sophisticated financial instruments that derive their value from the value of something else
Page: 4a9
Chapter: 1
Section: Financial capitalism

Name: Future
Definition: contracts to buy shares, bonds, currencies, or commodities at their current price at some point in the future
Page: 49
Chapter: 1
Section: Financial capitalism
Context: capitalism

Name: Option
Definition: allow you to decide later whether you want to buy something at a fixed price or not
Page: 49
Chapter: 1
Section: Financial capitalism
Context: capitalism

Name: Arbitrage
Definition: Exploiting the small price differences that occur for technical reasons between markets.
Page: 10
Chapter: 1
Section: Financial capitalism
Context: capitalism

Name: Capital
Definition: money that is invested in order to make more money.
Page: 14
Chapter: 1
Section: What then is capitalism?
Definition2: By extension, money that is available for investment or, indeed, any asset that can be readily turned into money for it.
Conjdef: Either

Smaller0: o's ownership is clearly established
Greater0: o can be considered as capital
Page: 14
Chapter: 1
Section: What then is capitalism?
Variables: o an object
Smaller1: o's value can be measured
Smaller2: o can be transferred
Smaller3: there is a market for o

Question: A characteristic feature of the development of capitalist societies
Answer: the emergence of institutions that enable the conversion of assets of all kinds into capital.
Page: 14
Chapter: 1
Section: What then is capitalism?

Name: means of production
Definition: the workplace, the machinery, and the raw materials
Page: 5
Chapter: 1
Section: What then is capitalism?

Name: wage
Definition: price paid by the employer for labour sold by the worker
Page: 5
Chapter: 1
Section: What then is capitalism?
Name2: salary

Question: What give capitalist society their dynamism ?
Answer: potential mobility of capital and labour
Page: 15, 17
Chapter: 1
Section: What then is capitalism?
Answer2: Competition, forcing to surpass rivals

Question: Is wage labour free
Answer: Yes because they can decide to work for someone else
Page: 15
Chapter: 1
Section: What then is capitalism?
Answer2: No because it's impossible to live without working, and their are few place to work

Name: Market
Definition: Before: place where you can buy some extra item that you do not produce yourself
Page: 15
Chapter: 1
Section: What then is capitalism?
Definition2: now: the only means by which you can obtain anything.
Conjdef: All of
Definition3: bring together those seeking to finance economic activities and those with money to
invest.

Name: Currency Market
Definition: Market for money
Page: 16
Chapter: 1
Section: What then is capitalism?

Name: Stock exchange
Definition: Market for ownership of companies
Page: 16
Chapter: 1
Section: What then is capitalism?

Question: How to reduce competition
Answer: state monopoly
Page: 17
Chapter: 1
Section: What then is capitalism?
Answer2: trade association
Answer3: agreeing not to engage in price competition
Answer4: deciding that all will pay the same wage rates
Answer5: merges and take-overs to concentrate production

Name: Speculation
Definition: Buying something, expecting to sell it without increasing its value by processing it in some way, at a higher price in the future
Page: 17
Chapter: 1
Section: What then is capitalism?

Name: Transformative capitalism
Definition: production is financed by investing money to make more money
Page: 18
Chapter: 1
Section: What then is capitalism?

Name: Wage labor
Definition: the socioeconomic relationship between a worker and an employer, where the worker sells his or her labour under a formal or informal employment contract.
Page: https://en.wikipedia.org/wiki/Wage_labour
French: Salariat