Capitalism

Capitalism is an economic system where the allocation of resources is determined by the free interaction of the forces of supply and demand, and the overarching goal of society and individuals is the acclumation of capital. Key elements of pure capitalism are an entirely free market, the existence of private producers, and a focus on achieving a profit in any particular venture.

Economic aspects of capitalism
The key aspect of capitalism, defined as the overall goal of making a profit, can be achieved under several sets of economic conditions. However, the ones most strongly associated with it are:


 * 1. Fully free markets, in order to prevent the distortion of price signals.


 * 2. A lack of governmental interference, to prevent skewing of the markets.


 * 3. A wholly privatised economy, due to the perceived efficiency of the private sector relative to the public sector.


 * 4.