Monday, February 14, 2011

Capitalism!


Capitalism is an economic system in which the means of production are privately owned and operated for private profit; decisions regarding supply, demand, price and investments are made in the free market. The profit the business is sent to the owners who invest in that business, then the wages are paid to workers that are working for that business. Here in the United States of America, we have our government based on a Free-market Capitalism where the supply and demand are allowed to reach their point of equilibrium, which means that they make as much as they sell with little wasted goods. The productive enterprises are privately owned. The government is limited to enforcing property rights.

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