An in-depth exploration of Capitalism, its historical context, types, key events, principles, significance, examples, related terms, and more.
A comprehensive overview of privatization, its history, types, impacts, and key examples from around the world.
Capitalism is an economic system characterized by private ownership, where income from property or capital accrues to individuals or firms that own it, competition is encouraged, and profit motive is fundamental.
Socialism is an economic system where the government owns or controls major critical industries, but may allow collective ownership and some private ownership in agriculture, services, and less critical industries.
