💰 Capitalism

Everyday Capitalism

Look around you:

• The toy store 🧸
• The snack shop 🍫
• The game app store 🎮

All these are part of capitalism.

In capitalism:

• People can own businesses.
• They can set prices.
• Customers choose what to buy.

Key idea: People and companies, not the government, make most money decisions.

Simple Definition

Capitalism is an economic system where:

• Most businesses are private (owned by people, not the government).
• People can earn profits by selling goods and services.
• Prices are mostly set by supply and demand.

It is like a big marketplace where many buyers and sellers meet and decide things with money.

Key Players

In capitalism, there are three main players:

1. Consumers – people who buy things

2. Producers – people or companies that make things

3. Government – makes rules and collects taxes

Most choices, like what to make and what to buy, come from consumers and producers, not from the government.

Why People Like Capitalism

Supporters say capitalism:

• Encourages hard work 🏃
• Rewards good ideas 💡
• Offers many choices in stores

If you start a small business and people love it, you can earn more money. That chance to succeed is one reason many countries use capitalism.