Tuesday 19 June 2012

What is capitalism ?



an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.

 Another definition i have found

 : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

Famous capitalist


CAPITALISM = MAIN OBJECTIVE IS PROFIT!