. the economic system of capitalism
The economy is a capitalist economic system that allows individuals to make decisions on economic activities according to their abilities and opportunities based on market price in the selection. An important feature of the capitalist economic system, namely
.- Property and production factors as privately owned
- Private sector economic activity is carried out through mechanisms of price and profit is a major motivation
.-Competition is the Foundation of the economic system
.- State economic intervention does not play a role, just already calm treatment. Justice so that the private sector has the confidence to do business
.The advantages of the economic system, capitalism is that people can make use of the knowledge, abilities, opportunities for their originality in produce and consume to their own economic interests.
.Disadvantages of traditional economic systems, capitalism is the ability and opportunity of a different person. Make different income levels. Leading to problems distributing income between the rich and the poor. Lead to the destruction of natural resources and the environment until it becomes a problem in the world today
.Countries with a capitalist economic system, such as the country United States Japan Singapore English