Thursday, September 20, 2012

60-Second Good to Knows - September 20th, 2012

This week's topic: Economics


cap·i·tal·ism

  [kap-i-tl-iz-uhm]  Show IPA
noun
an economic system in which investment in and ownership of themeans of production, distribution, and exchange of wealth ismade and maintained chiefly by private individuals orcorporations, especially as contrasted to cooperatively or state-owned means of wealth.

Capitalism is the economic style utilized by the USA. It is used in many of the countries throughout the world.

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