![]() ![]() ![]() Capitalism, like slavery and feudalism, divides those engaged with the production and distribution of goods and services into two groups, one small and the other large. It differs from other systems such as slavery and feudalism but also shares some similarities with them. So this short article aims to present the system's essentials.Ĭapitalism is just one particular way of-a system for-organizing the production and distribution of goods and services. Basic economics literacy is notoriously low in the United States even as its citizens show great interest in the financial aspects of their lives. They are dissatisfied and impatient with how school courses, politicians' statements, and mainstream media treat the subject. Now that so many people have realized that the capitalist system is riddled with problems, they want a clear explanation about the functioning of the system. ![]()
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