Definition, features and advantages of capitalism. Problems with socialism is also pictorially discussed.

1. Capitalism
By,
R Rohit Amalan

2. Definition
Capitalism is an economic system in which trade, industry,
and the means of production are largely or entirely
privately owned and operated for profit.

3. Features of Capitalism
• Right to private property.
• Profit-Motive.
• Freedom of choice.
• Dependence on market forces.
• Minimal role of Government.

4. Advantages of Capitalism
• Increase in productivity
• Maximizes the Welfare
• Low cost and qualitative products
• Technological improvement

5. Problems with Socialism

6. Problems with Socialism

9. Thank You

10. Thank You