Capitalism
Capitalism is an economic system characterized by private ownership of the means of production, where goods and services are produced for profit in a competitive market. In this system, individuals and businesses have the freedom to operate and trade with minimal government intervention, and prices are determined by supply and demand.
Examples:
- United States: A prominent example of Capitalism, where numerous private enterprises operate in a market-oriented economy, driving innovation and competition.
- Germany: A social market economy that combines free-market Capitalism with social policies aimed at ensuring fair competition and welfare.
Cases:
- Silicon Valley: A hub of technological innovation where startups compete for investment and Share/">Market Share, exemplifying Capitalist principles of Entrepreneurship and competition.
- Stock Market: A platform where Shares of publicly traded companies are bought and sold, reflecting investor confidence and market dynamics central to Capitalism.