Sunday, January 9, 2011

Capitalism on Christmas Island

Definition:
Capitalism is an economic system in which the means of production are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the free market;

Implementation:
Make things people want available were and when they want them, in order to make a profit

Example:
Go to local food shop on Christmas Island on any Friday, and buy a "Big Mac" flown in from KL on the Friday flight, for $5.20.

You can also get Cheeseburgers, Fillet O Fish, and sometimes, KFC, or Domino Pizza.
This week I counted  50 burgers on the Friday, on Saturday, 3 remained in the fridge.

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