CAPITALISM
WHY IS IT SO GREAT?
WHAT IS CAPITALISM?
Capitalism is a political system which country's trade and industry are controlled by private owner's for profit, rather than by the sate.
PROS OF CAPITALISM:
- Economic freedom helps political freedom. If government own the means of production and set prices, it invariably leads to a powerful state and creates a large bureaucracy which may extend into other areas of life.
- Efficiency.
- Economic growth.