Results for tag: "Capitalism"

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. It is characterized by the pursuit of profit, the accumulation of capital, and the investment of capital in production. It is the dominant economic system in the world today. In a capitalist market, goods and services are produced and exchanged in a free market, where prices are determined by the forces of supply and demand. The market is driven by competition, with firms competing to produce the best products at the lowest prices. The profits generated by firms are reinvested in the production of new goods and services, creating economic growth. In a capitalist market, the government plays a limited role, providing a legal framework for the operation of the market and protecting property rights. The government also provides public goods and services, such as infrastructure and education, which are not provided by the private sector. Examples of companies in the capitalist market include Apple, Microsoft, Amazon, Walmart, and McDonald's. Show Less Read more