What is Capitalism

Capitalism is an economic system where private individuals or companies own businesses and capital, and they produce goods and services mainly to make profit. Prices, investment, and production are largely shaped by competition in markets rather than by direct government control.

In simple terms, people and firms decide what to buy, sell, and invest in, and they compete with each other to attract customers and earn money.

Capitalism has both positive and negative impacts. It can drive economic growth, innovation, competition, and consumer choice, but it can also increase inequality, encourage worker exploitation, and harm the environment

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