Capitalism

Why is it a good system?

Free Enterprise

Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Capitalism over Communism

Features of Capitalism:

1. Markets: supply and demand

2. Economic Freedom: Choices

3. Private Property Rights: Self interest- what we do that we think is best for ourselves

4. Competition: Keeps prices low and quality high

5. Profit Motive: I believe that this will work, you have to share your profit

6. Voluntary Exchange: Just because you think the profit is too good doesn’t mean thats what you will pay