I wrote this article because I wanted to learn more about capitalism, so the following will be the information I found and my thoughts:

Capitalism is an economic system where individuals own most businesses for their own profit rather than the government. Prices and distribution are determined by supply and demand in a free market and the main focus is to make profit. Supply and demand is the relationship between the quantity of goods or services the producer is willing to sell and the quantity that customers are willing to buy. Demand decreases when the price increases and supply increases as price increases. An example of supply and demand would be the price for winter coats in the spring decreasing because the demand is decreased and the more the price drops, the more customers there are purchasing the winter coat. The role that the government plays is generally limited to maintaining the free market environment to protect private business owners. One example provided by greenlight.com is a family-run bakery where the owners invests their own money to run their business and makes their own decisions about pricing and production whereas the government or society collectively own the bakery in a socialist system. Many argue that capitalism creates large inequalities regarding the incomes and wealth of different classes like the elite and middle class. Elites own the capital and the middle class struggle due to relying on wages earned through employment which is determined by the elites that own the businesses. They control employment and wages leading to potential problems because they can gain more profit by downsizing and cutting wages which goes with the saying of the poor get poorer and the rich get richer. Now it comes down to this question: Is there an economic system that will cause the least amount of inequality in wealth and income or will the rich always find a way to become richer?