Features of capitalism: 6 main characteristics

The features of capitalism are the distinctive attributes observed in capitalist countries. They are also known as the characteristics of capitalism. These features distinguish capitalism from other economic systems like socialism and feudalism. Definition of capitalism Capitalism is a type of free market economy where private individuals own and control the means of production with … Read more

Capitalism examples and theory

Capitalism is an economic system whereby the rights of ownership of the means of production are owned by private individuals or private companies. The most important capitalism characteristic is that the market is controlled by the forces of demand and supply and there is no central government to control the prices. Capitalism examples, characteristics, and … Read more