Capitalism

What is Capitalism?

An economic example in which factories, equipment and other means of production are privately owned rather than controlled by the government.

Positive and Negative of Capitalism

Pros- Economic freedom helps political freedom.

Economic growth.

Winston Churchill said that there's no better alternatives.


Cons- Monopoly power to charge higher prices.

Social benefit ignored.

Inherited wealth and wealth inequality.

Where can you find Capitalism?

Canada eh, Japan, Austria, United States, and mostly everywhere.