Capitalism is an economic and social system in which capital and land, the non-labor factors of production (also known as the means of production), are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested in. A free market is a market without economic intervention and regulation by government except to regulate against force or fraud. A market is any one of a variety of systems, institutions, procedures, social relations and infrastructures whereby businesses sell their goods, services and labor to people in exchange for money. Goods and services are sold using a legal tender such as fiat money. This activity forms part of the economy. It is an arrangement that allows buyers and sellers to exchange items. Competition is essential in markets, and separates market from trade. Two persons may trade, but it takes at least three persons to have a market, so that there is competition on at least one of its two sides. A free-market economy is an economy where all markets within it are unregulated by any parties other than those players in the market. In its purest form the government plays a neutral role in its administration and legislation of economic activity neither limiting nor actively promoting it (for example neither regulating industries let alone owning economic interests nor offering subsidies to businesses let alone protecting them from internal/external market pressures). Such an economy in its most radical form does not exist in developed economies. A market economy is an economy based on the power of division of labor in which the prices of goods and services are determined in a free price system set by supply and demand. Division of labor is the specialization of cooperative labor in specific, circumscribed tasks and like roles. Historically an increasingly complex division of labor is closely associated with the growth of total output and trade, the rise of capitalism, and of the complexity of industrialization processes. Division of labor was also a method used by the neolithics and paleolithics to categorize different jobs, and divide them to skilled members of a society. In economics and accounting, a good is a product that can be used to satisfy some desire or need. A service is the intangible equivalent of an economic good. Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. The benefits of such a service, if priced, are held to be self-evident in the buyers willingness to pay for it. Capitalism stresses private economic choices. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to charge for them. They also compete with one another to sell products. Nations whose economy is based on capitalism includes the United States, Canada, Germany, and Japan. In modern times, right-wing ideologies and movements support capitalism. In politics, Right, right-wing and rightist are generally used to describe support for preserving traditional social orders and hierarchies. Today it is primarily used to refer to political groups that have a historical connection with the traditional Right, including conservatives, monarchists, aristocrats.. The term is also used to describe those who support free market capitalism, and those who support some forms of nationalism. Conservatism (Latin: conservare, "to preserve") is a political and social philosophy that promotes the maintenance of traditional institutions and supports, at the most, minimal and gradual change in society. Some conservatives seek to preserve things as they are, emphasizing stability and continuity. Strong belief in moral values and always in favor of capitalism. Have a happy St. Maarten day.
Yours truly,
Miguel Arrindell
