Capatalism is Cool

By: seth chilano

What Is Capatalism

A system of economics based on the private ownership of capital and production inputs. Also the production of goods and services for profit. The production of goods and services is based on supply and demand in the general market. Capatalism is based on individual right of man.

Adam Smith

is considered the first theorist of what we commonly refer to as capitalism.

Pros And Cons

  • Lack of government intervention
  • Means of production owned by private firms.
  • Goods and services distributed according to price mechanism (as opposed to government price controls)

Where is Capatalism Today

Mostly every country in the world, except for cuba.