By Stephen Zogopoulos, USNN World News California, a land that once promised sun-soaked opportunities, innovation, and dreams as large as its redwoods, has now devolved into something unrecognizable. No longer do we think of California as the land of gold, the cradle of Silicon Valley, or the shimmering star on America’s horizon. Today, it is […]
Tag: Capitalism
Capitalism – Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
