buy custom Rise of Capitalism essay Capitalism is a social and an economic system in which the land and capital, means of production or non-labor factors of production are owned by individuals (privately owned). This means that the labor, goods and other resources are traded in the market with the aim of making profit. The profit is then distributed to owners or even invested in industries and other technologies. In other words, this is a system where factors that make money, like the communications, factories, transportation system and land are owned by private traders and corporations with the aim of making profit. Private means of production, manufacturing of goods and services with the aim of making profit, wages and prices are the elements of capitalism. The economic elements of capitalism include the items like commodities which may be consumer or capital goods, money, labor power, cost of production, pricing and means of production.
