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Capitalism

Capitalism is an [economic system] where [capital] and land, the non-labor [factors of production] (also known as the [means of production] ), are [privately owned] ; [labor] , goods and resources are [trade] d in [market] s; and [profit] , is distributed to the owners invested in [technologies] and [industries] . The pervasiveness of wage labor is another important feature of capitalism, which depends on non-labor income derived from property not intended for the owner's personal use. Also see rise of [financial capitalism] , which controls all other forms of capitalism.

There is no consensus on the definition of capitalism, nor how it should be used as an analytical category. There are a variety of historical cases over which it is applied, varying in time, geography, politics and culture. Economists, [political economists] and [historians] have taken [different perspectives] on the analysis of capitalism. Scholars in the social sciences, including historians, economic sociologists, economists, anthropologists and philosophers have debated over how to define capitalism, however there is little controversy that private ownership of the means of production, creation of goods or services for profit in a market, and prices and wages are elements of capitalism.

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