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Capitalism is a form of economic system in which government does not interfere in business Capitalism is one of the oldest economic systems Thousands years ago it was known as Mercantilism Mercantilism can be defined as distribution of products to make profits It was practiced in Rome and Middle East This form of economic system expanded globally from Northern Africa to Asia Hooker This form of trading to gain profit developed and today it is known as capitalismCapitalism spread across globe World become more advance with technologic innovation job creation and medical advance Ditmar Becauseeach individual are free they tend to try something new and as result creating something that facilitate people life For example Bill Gates he starts the Microsoft which made the computer more advance He did that because he knows that if he is successful his hard work will be rewarded In addition since he took risk to start his business he expects to profit from it without government interfering with his plan He is also creating more job opportunities for othersCountries with capitalism system are more likely to be democratic and prosperous For example Chile Ireland and the United States Country such as North Korea has a dictatorship regime and a rigid economic system Reinch Individuals in capitalism system make money independently from the state as result giving them voice to speak against the state Because of the power that each person has the nation is more likely to become democraticMercantilisms that today we know as capitalism exist thousand years ago People were free to trade their goods As capitalism progress it brings technological innovation which in turn creating jobs opportunities Last countries with dynamic democracy are more likely to have capitalism system Capitalism promotes freedom democracy and opportunitiesIn a capitalist system people have choice Each individual has the right to pursue hisher happiness whenever is possibly According to the article Capitalism Democracy Freedom and Education Each person in a capitalism
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