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Marqui Smoot

on 22 October 2014

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Transcript of Capitalism

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
BY: Amin Shaheed & Marqui Smoot
Capitalist Countries
Who in Charge
Socialist Market Economy
Free Market Economy
Mixed Economy
The privite and corporate owners are in charge of this system.
Influential people
Adam Smith
Adam smith know as the father of capitalism,
Realizing that wealth was power, and that wealth was made in trade and manufacture, he sought to secure advantages for the country's domestic market through laws designed to protect its manufacturers.
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
How are business ran
Business are ran with a free market economy and can sell what they want. Their are still rule and regulation a business have to follow
Whose decided what will be produce
The businesses owner can decide what to they wh
Who decides how something will be produced?
In This economy The businesses can decides the best and most efficient way possible

Who decides for whom something will be produced?
The business decides who to produce their product for.
Additional/Interesting Information
In capitalism you get a lot of economic freedom
In a capitalism the to a transaction typicaly determine production
Only 11% of the people out of the 27 countries are doing well
Since, capitalism inspires more freedom, growth and progress; people do have the will to switch to healthier lifestyles for better productivity.
Capitalism gives every individual the freedom to choose the life he wants and also choose the career he would like to pursue.
Interesting Facts
In conclusion Capitalism allows you to be more free with your business.
Full transcript