USA HISTORY

Detailed explanation-1: -Capitalism refers to an economic system where private businesses can have ownership of capital goods. As per capitalism meaning, individuals can privately own means of production. In capitalism, the production of products is according to the situation in the market.

Detailed explanation-2: -capitalism, also called free market economy or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets.

Detailed explanation-3: -The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production.

Detailed explanation-4: -Someone who hopes to profit by investing money or financing business ventures is a capitalist. A nation’s economy is described as capitalist if it’s based on private ownership and profit. The word capitalist appeared in 1791, taken from the French word capitaliste.

Detailed explanation-5: -"Capitalism” is derived from capital, which evolved from capitale, a late Latin word based on caput, meaning “head"-which is also the origin of “chattel” and “cattle” in the sense of movable property (only much later to refer only to livestock).