Capitalism

The benefits of capitalism

Capitalism Definition

An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by state.

The benefits of Capitalism

Economic freedom helps political freedom. Efficiency, Firms in a capitalist based society face incentives create the pressures to cut costs and avoid waste. Economic growth, with firms and individuals facing incentives to be innovative and work hard this creates a climate of innovation and economic expansion.
Big image