Capitalism
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http://sunehram.blogspot.com/2014/05/capitalism.html#more
EXCERPT
Capitalism is an economic system in which capital and the means of production are owned privately. Goods and services are produced purely for profit and labour is purchased for money wages. What products and services are produced is determined by the demand and supply variants in the market and not by the state. And since there is production and selling for profit, there is also competition between producers. Generally, the government is not very involved in this economic system. However, the degree of government involvement, in the production process and in regulating the practices of the producers, depends on the particular form of capitalism in question. This economic system is the opposite of government-controlled economies because in the latter, production and prices are set by the government.
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