Democracy and capitalist are synonymous in many respect. In a capitalist society property rights are well protected. Property right means a private property rights. Each and every individual in the...
Among the factors of production the most important ones are land, labor, capital, technology, management and the related others. Under capitalism capitalists try to maximize their profit or minimize...
All economics are divided into two sectors: Private and public. In reality the major sector of the economy is the private sector. Private sector consist of private individual, entrepreneur, investor,...