Capitalism

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Did you know:-
🎯What is Capitalism?
🎯How and When did it start?
🎯What are its Disadvantages and advantages?
1. What is Capitalism?

In Capitalism individuals own the shares in the Market and the Government has less or no Authority and can only take tax from the Markets. This gives the people much liberty as in socialism only the locals can enter the market. It is usually helpful to the Economy when a Country is Free from Social Inequalities, If a Country is not free from social inequalities then there will be an Accumulation of Power which may Cause the Accumulated region of power in the society to be more Powerful which may lead them to be Monarch of the Nation or even Dictatorship.

2. How&When did it start?

It seems like you're curious about the origins of capitalism. Well, the concept of capitalism has been around for centuries, but it wasn't until the Industrial Revolution in the 18th century that it really took off.
Before capitalism, most economies were based on feudalism, where landowners controlled the resources and the peasants worked the land. But with the rise of industrialization, people began to realize the potential of manufacturing goods on a large scale and selling them for profit. One of the key figures in the development of capitalism was Adam Smith, a Scottish economist who wrote "The Wealth of Nations" in 1776. Smith believed that a free market, where individuals could pursue their interests, would lead to more significant economic growth and prosperity. Over time, capitalism became the dominant economic system in many parts of the world, including Europe and North America. Today, it is the foundation of many modern economies and continues to shape how we live and work.
3. What are its Disadvantages and advantages?
Advantages:
    ✨Better and maximum Potential of Economy
    ✨More businesses than it could have Locally
    ✨Higher Export range for the businesses 
Disadvantages:

             ✨Domination in a field of work

            ✨High chances of Power Accumulation 

            ✨ Local Businesses are not Promoted

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