Having Individual Profit

By: Brandy Barner

Capitalism

The idea of Capitalism was created by a man named Adam Smith, and he created this system so that people could create their own businesses for individual profit instead of collective. This system relies on checks and balances to maintain the economy. Capitalism is usually associated with economic growth because prices and production are determined bhy a market rather than the government.

More about Capitalism

Capitalism became popular because people wanted to be treated fairly, and wanted to have a choice on their lifestyle. People wanted to become more individual and create their own businesses so that they could earn profit for themselves and their family. People today still use capitalism in countries like Norway, Germany, Columbia, and Mexico.