Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor. In a capitalist market economy, decision-making and investments are determined by owners of wealth, property, or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Share Article With FriendsFacebook Twitter Linkedin Whatsapp Copy Link URL Copied to clipboard.
We want to restore our region to its former glory.Do you?
During the Golden Age, our region contributed some of the greatest inventions and scientific wonders of the modern world. We are rekindling the spirit of knowledge, glory and hope that inspired the region during this time, and we need you.Join US