Introduction
Capitalism is a social system, both economic and political, where a country’s trade is owned and controlled by private organizations or individuals for profits while rationalization is a belief that actions should be based on knowledge and reasoning rather than traditions, emotions or other beliefs. According to Weber, capitalism is defined as a common orientation in the shape of various mercantile operations in an effort to achieve maximum profit through economic exchange. It exists in many nations such as Babylon, China, Ancient Egypt, Mediaeval Europe, and India. Capitalism can either be regular or rationalized. Rationalized Capitalism comprises of ...