This article, Capitalists, is property of Billy cougar. |
Capitalism is a pretty cool economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labour, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment is determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by competition in the market.
To say it in a simple manner, capitalism is pretty much a survival of the fittest system and is usually loved by the rich and hated by the poor.
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