Capitalism is an economic system that is controlled by individuals and private companies instead of by the government. Individuals and companies own and direct the resources used to produce goods and services including land and other natural resources. They also control labor and capital. Capital could come in terms of factories and equipments and sometime even just plain money used in business. Capitalism stresses private economic choices. In capitalism the people are free to decide how they earn and spend their income. Capitalism had its problems. It caused economic instability, inequali…
