What is capitalism?
True Meaning of capitalism.
Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits.
The principle of individual rights rules the capitalistic ideal and implementation. Private individuals, organizations and corporations make independent decision about prices, production and distribution of goods resulting in an, ideally, self-regulating market.
Some examples of Capitalist Countries:
- United States
- United Kingdom
- New Zealand