Importance of Capitalism

Definition of Capitalism: -

Capitalism can be defined as an economic system in which the trade industry and other manufacturers tend to operate for profit generation. There are several forms of capitalism, depending on the region of operation, but the world after globalization is dominated by capitalism.

Textbooks on Capitalism: -

There are several textbooks that trace the history of capitalism and the changes introduced in it in the successive years. Some of them are:

Capitalism: The Unknown Ideal, Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen, 1986.

Capitalism: With a New Postscript on the Financial Crisis and Its Aftermath, Geoffrey Ingham, 2008.

Examples of Capitalism: -

• Mercantalism
• Free-market economy

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After feudalism, capitalism has been the persisting economic system across the West, which eventually became dominant across the entire globe. However, the degree of competition, regulation, intervention as well as the scope of private ownership has been varying immensely on the basis of the numerous capitalist models. In case you have decided to form an academic essay or dissertation paper on topics based on various aspects of capitalism, you might opt for the professional assistance, from the online subject experts at MyAssignmenthelp.com.

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