Category Defining Actual Wealth

Capitalism is an economic system defined by private ownership, free market competition, and the pursuit of profit. To illustrate how capitalism works, let’s dive into the technology industry, specifically focusing on smartphone manufacturing and sales. Private Ownership in the Smartphone…

Introduction Understanding the end goal of capitalism is crucial for anyone interested in economic systems, social structures, or the future of our global economy. Unlike other economic models, capitalism does not have a single, clearly defined end goal. Instead, it…