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Capitalism: Difference between revisions

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imported>Master Sima Yi
m Doesn't really fit in this category, but oh well...
 
imported>Slate Vesper
m Very minor.
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'''Capitalism''' is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Capitalism also includes competitive markets, wage labor, capital accumulation, voluntary exchange, and personal finance.
'''Capitalism''' is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Capitalism also includes competitive markets, wage labor, capital accumulation, voluntary exchange and personal finance.


The [[Templars]] created capitalism as a means to keep the working population in line and under their own tight control. The Templars [[Henry Ford]] and [[Ransom Eli Olds]] created the {{Wiki|assembly line}}, and economist [[John Maynard Keynes]] created several new theories and forms of economics based on capitalism.
The [[Templars]] created capitalism as a means to keep the working population in line and under their own tight control. The Templars [[Henry Ford]] and [[Ransom Eli Olds]] created the {{Wiki|assembly line}}, and economist [[John Maynard Keynes]] created several new theories and forms of economics based on capitalism.

Revision as of 19:42, 9 July 2012


Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Capitalism also includes competitive markets, wage labor, capital accumulation, voluntary exchange and personal finance.

The Templars created capitalism as a means to keep the working population in line and under their own tight control. The Templars Henry Ford and Ransom Eli Olds created the assembly line, and economist John Maynard Keynes created several new theories and forms of economics based on capitalism.

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