Sociology / Soc 1530 · Atom · ~20 seconds
Capitalism
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Capitalism is an economic system with private ownership and a profit motive, where prices and wages are set through supply, demand, and competition.
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Investors fund a startup, and the return on their investment, rather than central planners, decides whether the venture expands.
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A capitalist economy still involves government regulation of wages, safety, and industry; the label does not mean zero state involvement.