An Overview Of Global Capitalism
The word “capital” etymology shows of its roots in the trade and ownership of animals. The lexical connections between economics and animal trade can be seen in the names of many currencies and words about money too.
Capitalism defines an economic system which is based on a free market, open competition, profit motive and private production an example to this can be the forex trading market (foreign exchange). Encouraging private investment and business, in capitalism individuals and firms have the power to own and use wealth to earn income and to sell. The market forces operate freely with little or no government control. Prices and profit dictate where and how resources are used and allocated.
The main objective of this site is to impart a comprehensive and intellectually powerful explanation of the nature and behavior of capitalism.
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Definition of capitalism given by experts to dispel the most common myths and misconceptions. Learn the essentials of capitalism in our social system.