In the 18th Century, Capitalism made its introduction during the Industrial Revolution. Yet, Capitalism has continued to evolve throughout the centuries. Throughout history, every economy has seen its inclines and declines.
It is also referred to as “The Free Enterprise” or “The Free Market.” Private individuals and business owners have little to no Government interference. Different economies include socialism and communism, and they operate under Government control.Ĭapitalism is different. Nor can the Government object on how a company and its employees choose to spend their earnings.Ĭapitalism offers the most freedom for businesses than any other economic system. The Government has no stance on business operations. The only Government involvement is taxation and standard regulatory laws. Capitalism provides business owners and employees the freedom to manage their incomes. The productions of goods and services are privately owned and operated for a profit. The medians of production are primarily privately owned.Ĭapitalism is an economic system. Only a small few are regulated due to the Government acting in a secondary role.īusiness owners make decisions about their products and properties with no Government interference. Products consumed or bought by businesses are not under Government control in a Capitalist economy. Some nations are, but Capitalism is a different type of economy. What monitors and maintains the goods and services of businesses in your Country? Some may think that the production of products would be Government controlled.