Capitalism (The Page)

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Central characteristics of capitalism include private property and the recognition of property rights, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.[5][6] In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in financial and capital markets whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.[7][8]

From Wikipedia, the free encyclopedia

Info

• On Wikipedia
• On the Encyclopedia of World Problems
• Everybody talks about capitalism -- but what is it? | Kajsa Ekis Ekman | TEDxAthens

Capitalism is production for profit in private hands.

• Is Capitalism Saving or Destroying Us? | Davis Smith | TEDxSaltLakeCity
• Basic income and other ways to fix capitalism | Federico Pistono | TEDxHaarlem
• Basic Income