Capitalism
In the world today there are many types of theoretical economy structures. Through years of evolving, America has adapted a some what complex capitalist economic belief and practice. In definition, according to the Webster’s Third New International Dictionary; the word capital derives from the Latin word capitalis, which comes from the word caput, meaning head. Head is being referred to ones cattle. One who owns cattle owns capital. Capitalism is an economic system in which private individuals and business firms carry on the production and exchange of goods and services through a complex network of prices and markets (Wikipedia pg. 1). Capitalism is primarily European and has evolved through a number of stages. The term capitalism was first introduced by Karl Marx the founder of communism. Other terms correlated with capitalism include free enterprise and market systems. Mixed economy is another term used for some economic systems most often found in Western Nations. The......
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