Capitalism refers to an economic system where the means of production and trade are controlled by the private owners in pursuit of profit.
|Arguments in favor of||Arguments opposing|
|Private ownership of the means of production and trade.|
|Private ownership can result in more efficient use and management.||Private ownership may create a class distinction and may be unneccessary for collective production.|
|Allocation of resources based on price mechanism.|
|Capitalism helps to regulate supply and demand based on market prices.||Capital markets are susceptible to mispricing which can negatively impact supply and demand.|
|Encouraged pursuit of profit.|
|Accumulated capital can be reinvested in the economy helping to increase the total quantity of capital.||An overaccumulation of capital is possible where surpluses of capital and labor coexist.|