| Capitalism is an economic ideology in which wealth, and the means of producing wealth, are privately owned and controlled rather than publicly or state-owned and controlled. In capitalism, the land, labor, capital and all other resources, are owned, operated and traded by private individuals or corporations for the purpose of profit, and where investments, distribution, income, production, pricing and supply of goods, commodities and services are primarily determined by private decision in a mainly market economy. | | Capitalism is an economic ideology in which wealth, and the means of producing wealth, are privately owned and controlled rather than publicly or state-owned and controlled. In capitalism, the land, labor, capital and all other resources, are owned, operated and traded by private individuals or corporations for the purpose of profit, and where investments, distribution, income, production, pricing and supply of goods, commodities and services are primarily determined by private decision in a mainly market economy. |