Question

what is capitalism and Luddism

Answer 1

Capitalism is an economic system in which capital goods are owned by private individuals or businesses.

The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.


member of any of various bands of workers in England (1811–16) organized to destroy manufacturing machinery, under the belief that its use diminished employment. someone who is opposed or resistant to new technologies or technological change.