What+is+Capitalism+and+how+was+it+implemented+in+1950's+and+1960's+Australia?

=**Welcome fellow classmates,**= =**My name is Liv, Liv Schmidt and I'm gonna show you all about Capitalism**=

===//Capitalism is an economic system that emphasizes private ownership of the means of production or a privately controlled economy. In a capitalist society, you have a free market and companies live by the profit motive. They exist to make money. Prices, production, and the distribution of goods are determined by competition in a free market.//=== ===//A capitalist system is also called a market economy. There is a limited regulatory framework. Legislation is supposed to define and enforce the basic rules of the free market. The government does provide some public goods and services as well as support.//=== ===//Under a capitalist system, small businesses drive the economy. They provide most of the jobs - up to 70-80%. Large corporations provide most of the profit, but small businesses are the job creators.//===

JUST A FUN CAPITALISM VIDEO :P TO GET YOU PUMPED UP ABOUT THIS AWESOME TOPIC
media type="youtube" key="IT1dT0y8vtk" height="315" width="420" = =