What is Capitalism ? How does money makes money? A complete overveiw
What is capitalism exactly? How successful was it? Or did it fail? The word 'Capitalism' comes from the word Capital which means Money or any type of wealth.Whether you have houses, cars on land, they are your capital. Capitalism is a society where "from each according to his ability, To each according to his capital." A society where every person works according to his ability, but they get returns according to their capital. The person with the most capital will get the most profit. "What kind of a society is this?" "Where a person who has more money will get more money." Basically, Capitalism is an ideology that promotes privatisation where the means of production like land, fields, factories, and industries,are owned by private individuals. In Communism they were owned by the public, everyone owned these. Similar to Communism, Capitalism is a very broad term and ideology. Where there are many subsections of ideologies with differences among t...