Capitalism Essay Examples

Capitalism is 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.

The main characteristics of capitalism are capital accumulation, voluntary exchange, competitive markets, price system, private property, property rights recognition, and wage labor.

There are six types of capitalism: oligarchic capitalism, state-guided capitalism, corporate capitalism, entrepreneurial capitalism, laissez-faire capitalism, and welfare capitalism.