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Quizzes
Topic Content:
- Definition of Capitalism
- Features of Capitalism
What is Capitalism?
Capitalism is a political and economic system in which the means of production, distribution, and exchange are owned and controlled by private individuals and government economic activity is at a minimum level.
Capitalist societyThe term society is derived from the Latin word 'socius' meaning friendship or companionship. Society is a community, nation or group of people who share the same traditions, institutions, rules and... More is made up of two classes: the bourgeoisieThe bourgeoisie is the ruling class in Marx's theory of class struggle under capitalism. The bourgeoisie is the property-owning class who own the means of production (e.g. factories) and employ and... More , or business owners, who control the means of production, and the proletariat
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