सहसंबंध लिहा. स्वातंत्र्य: पारतंत्र्य तर जमा
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Sanskrit mein samajh Nahin aata mujhe
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Financial freedom and capitalism are deeply correlated as one needs to have capital and investment to be financially free.
Capitalism:
- It is an economic system that is mainly owned by private investors, businessman etc and not by the state or government and is mainly for the profits and gains.
- In simpler terms, Capitalism is an economic system owned by private organizations or people and they control property according to their interests and profits.
- Capitalism does not lead to the financial freedom of all the people working in that particular economic system as it ignores the needs and rights of the people involved.
- It also encourages mass consumption.
- It provides incentives and profits to the owner and leaving the people far behind from financial freedom.
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