Captitalism

Definition: Capitalism is an economic system in which the means of production are privately owned and operated for profit. Decisions are made within a free market regarding supply, demand, price, distribution, and investment . Wages are paid to workers and profit is sent to owners who invest in businesses.
The concept of socialism - a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole - is the complete opposite of the idea of capitalism. Capitalism is more popular and the United States are an example of it.Capitalism also means that if you have a higher job you get paid more if you have a lower job you will get paid less.

A lot of people like capitalism, but don’t like it when the government controls business regulations etc. They think that regulating businesses is not what a capitalistic nation/government should do and expect the government to stop it. A good example is the article written by Sylvia Bokor as she is saying that a businessman wrote her that he lost two companies because of the government controlling it. Many people are in favor of capitalism and dislike the government regulating businesses.

Capitalism often is favored instead of socialism. In an example article written by Phil Keating he shows and explains that Cuba is a socialism nation but takes little steps to get to a capitalism nation. It emphasizes that Cuba had a lot of trouble and problems with socialism in the last few years. He also stated in his article that “ the carrot of capitalism is quickly frustrating in a poor country where supplies are far from abundant and inventories are minimal,” saying that is can be frustrating in a country with not a lot of money and opportunities.

http://dictionary.reference.com/browse/capitalism http://www.capitalismmagazine.com/markets/business/6318-government-regulation-is-killing-business.html
http://liveshots.blogs.foxnews.com/2011/02/11/cuba-capitalism-baby-steps/