Capitalism

[Dr.Masih Rezvani + 28]

The production elements that manufacture the products and service in capitalist economy models are raw materials,land,labor and money.

[John Foote + 1,135]

3 minutes ago, Dr.Masih Rezvani said:

The production elements that manufacture the products and service in capitalist economy models are raw materials,land,labor and money.

Don't estimate the power of ideas and IP. Change drives opportunity.  

And it doesn't really matter what the economic model is. The advantage of a capitalist system is incentivizing trying to profit on the value add. 

[James Regan + 1,776]

A socialist economy is a system of production, normally cheap labor, where goods and services are produced directly for use for the people by the people, in contrast to a capitalist economic system, where goods and services are produced to generate profit. 

Where does this position China for example are they to be considered "social-capitalists"?

Edited September 8, 2019 by James Regan