In capitalism, the owners of supply compete against each other for the highest profits.
The economy is a broad term used to refer to the production, manufacture, distribution plus sales and consumption of goods or services in a given area.
Capitalism is defined as an economic system whereby the economies of a market are run by private sectors.
There must be continual production and purchase for a capitalistic economy to be sustained.
The good thing about capitalism is that the market controls itself naturally where creators of products must be seen positively by perspective customers.
The most important feature of capitalism is that it advocates for private property and freedom of ownership.
Capitalism advocates for a division of labor where you are only allowed to work in a field that you specialize in.
Industries are important when it comes to the economy of every country and the world at large.
What makes capitalism wrong is that it eventually leads to an unbalanced distribution of resources and wealth.
Capitalism is a good economic system because it forces you to think about future trends and how you will keep your product relevant to consumers when competition arises.