Wednesday, January 8, 2014

Very Basic Meaning of Capitalism

Capitalism is a particular system on how trade is run in a country. It allows for individual people, or corporations, to own businesses privately, instead of businesses and trade being under the control of state powers. Capitalism allows for people to have more individual freedom and to not be so limited by governmental control. It is also known as a free enterprise, obviously referring to the freedom given to individuals to be able own and run businesses.

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