CAPITALISM

Capitalism is the system in which trade and industry are under private control for profit rather than by the state. This includes land that are owned, operated, and traded for the purpose of generating profits, without force or fraud, by private individuals either singly or as the partnership organization.Investments, distribution, income, production, pricing and supply of goods, commodities and services are determined by voluntary private decision in capitalism, A distinguishing feature of capitalism is that each person owns his or her own labor and therefore is allowed to sell the use of it to employers.In a "capitalist state", private rights and property relations are protected by the rule of law of a limited regulatory framework.