Capitalism is an economic system based on private ownership.
The main aspects of capitalism are:
- Key stake holder financial accumulation
- Pricing the economic system to exploit competition
- Private property and property rights
- Minimal wage based labor
It is when private actors own and control in accord with their interests, and manipulate supply and demand in a way that can serve the best interests of society in the way they see fitting.
The essential feature of capitalism is the sole motive to make a profit.
pathways:
Wikipedia / Capitalism