George Simms: Created page with "''Capitalism'' is an economic and political ideology, in which the trade and industry of a sovereign state or nation are controlled by private owners or companies with..."

2019-08-10T13:00:27Z

Created page with "''Capitalism'' is an economic and political ideology, in which the trade and industry of a sovereign state or nation are controlled by private owners or companies with..."

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''Capitalism'' is an economic and political [[ideology]], in which the trade and industry of a [[sovereign state]] or nation are controlled by private owners or companies with the main aim of making profit, rather than controlled by the state for the benefit of the population as a whole. The main characteristics of ''Capitalism'' include the possession of private property, so owning your own possessions instead of them being owned by the state, which is a key trait of [[Communism]], and voluntary exchange, which is the exchange of goods for a price as set by a private seller instead of by the state. The best example of a Capitalist system in the world today is the [[USA]], especially under [[president]] [[Donald Trump]]. During the [[Cold War]], the fundamentally opposing ideologies of ''Capitalism'' and [[Communism]] were the basis of long term conflict between the [[USA]] and [[USSR]].

Capitalism - Revision history

George Simms: Created page with "''Capitalism'' is an economic and political ideology, in which the trade and industry of a sovereign state or nation are controlled by private owners or companies with..."