Capitalism relies on capital (money or property), division of labor (specialization of different jobs), and profits to drive industrialization and economic growth. It aims to increase the standard of living for society through large factories and specialized work that combines to complete complicated products and services, fueled by people purchasing goods and services which generates profits for capitalists. Capitalism uses capital, specialized labor, and profits as the engine for large-scale industrial and economic change that improves standards of living.

1. Created by:
Caitlyn
Team 2

2.  Large machines, smokestacks, and so many
people. What is all of this amazing change?
The answer is Capitalism.

3.  Capitalism begins with capital (see
“Vocabulary” at end of Power Point). When
people buy goods or services, the capitalist
hopes to make a profit.

4.  Capital- money or property, especially used
to make more money.
 Division of Labor- different people doing
different jobs that in the end all combine to
finish a complicated task or activity; also
called specialization.
 Standard of Living- all the things that people
have that makes their lives comfortable-
food, clothing, shelter, services, and so on.