Caipitalism

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Capitalism is an economic seestem in which trade, industry an the means o production are controlled bi private ainers wi the goal o makin profits in a mercat economy.[1][2]

References[eedit | eedit soorce]

  1. "Capitalism" Oxford Dictionaries. "capitalism. an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state." Retrieved 4 January 2013.
  2. Chris Jenks. Core Sociological Dichotomies. "Capitalism, as a mode of production, is an economic system of manufacture and exchange which is geared toward the production and sale of commodities within a market for profit, where the manufacture of commodities consists of the use of the formally free labor of workers in exchange for a wage to create commodities in which the manufacturer extracts surplus value from the labor of the workers in terms of the difference between the wages paid to the worker and the value of the commodity produced by him/her to generate that profit." London, England, UK; Thousand Oaks, California, USA; New Delhi, India: SAGE. p. 383.