Capitalism: Refined

After doing the reading, my idea of capitalism has changed slightly. I now see that at it's roots, it is private companies deciding large scale economic decisions, not the government. So my definition of it being elected representatives making decisions is nothing close to what it actually is. I also see that it works under the forces of supply and demand. This is where my part about great opportunity for businesses comes into play, because if you have something of great demand, you're going to have a lot of people buying your product, and therefore you have tremendous opportunity to get rich. But if you have a product of no demand, you have the ability to get very poor as well. Also, capitalism helped bring about the rise of stocks and banks, two of the industries that our modern world couldn't live without.