CAPITALISM

397 WD

Capitalism is the political economic system based on private property and private profit. In this system, individuals and companies own and direct most of the resources used to produce goods and services. Such resources include land and other natural resources, labour, and capital. Capital includes factories, equipment, and money used in business activities. The term capitalism comes from capital.

Capitalism pressurises private economic choices. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to