Pioneerwada (talk | contribs) m Reverted edit by LovinIt (talk) to last revision by Pioneerwada Tag: Rollback |
Pioneerwada (talk | contribs) m Protected "Capitalism" ([Edit=Allow only autoconfirmed users] (indefinite) [Move=Allow only autoconfirmed users] (indefinite)) |
(No difference)
| |
Revision as of 12:55, 4 August 2025
 | This page is a stub. "Let us pray to the holy editor in the sky for an update to this article." |
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions.