Capitalism (The Page): Difference between revisions
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*[https://en.wikipedia.org/wiki/Capitalism | *[https://en.wikipedia.org/wiki/Capitalism On Wikipedia] | ||
*[https://www.youtube.com/watch?v=iq5lX-j6Prg Everybody talks about capitalism -- but what is it? | Kajsa Ekis Ekman | TEDxAthens] | *[https://www.youtube.com/watch?v=iq5lX-j6Prg Everybody talks about capitalism -- but what is it? | Kajsa Ekis Ekman | TEDxAthens] | ||
Revision as of 21:44, 4 May 2022
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Central characteristics of capitalism include private property and the recognition of property rights, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.[5][6] In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in financial and capital markets whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.[7][8]
- From Wikipedia, the free encyclopedia
Info
- Capitalism is production for profit in private hands.