Capitalism is the
economic system in which the
means of production are distributed to openly competing
profit-seeking<SUP class=reference id=cite_ref-0>
[1]</SUP>
private persons and where
investments,
distribution,
income,
production and
pricing of
goods and
services are predominantly determined through the operation of a market economy<SUP class=reference id=cite_ref-Bacher_1-0>
[2]</SUP> in which anyone can participate in
supply and demand and form contracts with each other, rather than by
central economic planning. Capitalism is originally defined as a mode of production, where it is characterized by the predominant private ownership of the means of production, distribution and exchange in a mainly market economy<SUP class=reference id=cite_ref-2>
[3]</SUP>. Capitalism is usually considered to involve the right of individuals and businesses to
trade,
incorporate, and
employ workers, in goods, services (including
finance),
labor and
land.<SUP class=reference id=cite_ref-Bacher_1-1>
[2]</SUP> In Capitalism, state action is confined to defining and enforcing the basic rules of the market<SUP class=reference id=cite_ref-3>
[4]</SUP> though the state may provide a few basic
public goods and
infrastructure.<SUP class=reference id=cite_ref-4>
[5]</SUP>
<SUP></SUP>
Socialists mainly share the belief that
capitalism unfairly concentrates power and wealth among a small segment of society that controls
capital and creates an
unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
<SUP>[</SUP>
WOW...Ive been wrong all along!
In lamens terms..capitalism gives corporations or individuals to compete in a free market. You eat what you kill.
Socialism is the beleif that the profits should be distributed evenly.
What the fuck is it that I dont understand?
Signed,
Clueless.