What is meant by Capitalism??
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Capitalism is an economic system based on private ownership of the means of production and their operation for profit.
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Capitalism is a ideology / economic as well as political setup which supports trade and commerce of a country and which is under the / controlled by private groups or organisations. The most of the property generally lies in the hands of Wealthy Buisenessmen. Socialism is the ideology which opposes the Capitalism. For the best growth, a country should have joint ownership of public as well as private sectors.
USA is a capitalist country and India is socialist country
USA is a capitalist country and India is socialist country
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