Capitalism

By: Kaden Roenfeldt and Payton Rediger

What is Capitalism?

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. People have their freedoms and are able to vote and own their own businesses.

Where is Capitalism used?

America is a great example of capitalism, in America the people have their freedoms such as being able to have private property and voting.

Examples

Businesses are ran by private owners not the government.


People vote for new leaders or laws.

Pros and Cons

Pros:

Self Regulation- Allowing people to buy what they want from who they want helps regulate customers changing needs


Innovation- Companies can fund innovation and development to help grow or help their company


Politics and Religion- Any person can believe in anything or any religion and they can have their own personally view in politics.


Cons:

Class Gap- The gap between the poor and wealthy is largest in capitalism or most noticeable


Monopolies- Other companies tend to try and outrun the other companies to become superior and make most money.


Automation- Automation of factories by machine reduces on cost but also takes away the number of jobs