RESEARCH PAPER ON CAPITALISM
Introduction
Capitalism refers to an economic system featured by private ownership of factors of production, free markets, open competitive powers, and profit motivated enterprises. Capitalism encourages new investment ideas, innovations, new means of production, and new technology in a faster rate as compared to government owned public investments. In a capitalist system, individuals have the right of wealth ownership with limited controls from the government. This is referred as a Laissez Faire economy (Laclau, 2011). In the modern world, the concept of capitalism has been in operation and is viewed as the most effective way in getting individuals to achieve a status ...