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oboloo Glossary

Capitalism

oboloo Glossary

Capitalism

Capitalism is an economic system in which capital (or investment) is used to generate profits and everything else falls into place as a result. It’s based on the fundamental idea of private ownership, where individuals or organizations are free to pursue their own economic interests, conduct exchange activities, and create and invest capital. Capitalism is driven by the pursuit of profit, competition, and innovation, promoting efficiency and helping to increase productivity. This, in turn, aids societies in achieving economic growth and progress. At its core, capitalism is about freedom – the freedom to pursue one’s dreams and make something out of nothing, without fear of unfair taxes or over-regulation. So if you’re looking for an opportunity to jumpstart your career and make your mark on the world, remember: it starts with capitalism.

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