Capitalism is the economic system based on private ownership and profit.
Capitalism
market economy
Economic profit is the profit made on an investment of some sort in which inflation and other economic factors have been considered. Normal return on investment is just the net profit made in the investment (simple subtraction).
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
Capitalism
private business ownership
Capitalism
market economy
Economic profit is the profit made on an investment of some sort in which inflation and other economic factors have been considered. Normal return on investment is just the net profit made in the investment (simple subtraction).
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
Apples ownership is private because it is a profit making business
Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.
Capitalism. type of profit control?
Capitalism
No, capitalism and communism have very distinct views about the allocation of resources in a society. Capitalism supports private ownership with the profit motive, deriving additional expansion by accumulating more capital from continual investment. Communism supports social ownership of social resources for the benefit of society, not for profit.
private business ownership
Private ownership individual initiative profit competition