Capitalism

The former is called "LEISSEZE FAIRE" policy which promises private ownership while the latter is called State Enterprises or controlled enterprise. In the former one individual initiative prompts production with the profits criterion on the basis of private property. The Individuals successfully establish to operate the system and organize it for their own interest and therefore profit on their own risk with lesser fact or lesser interference from the state known best as CAPITALISM.

There are many factors of Capitalism economy , such as :

1. Private Ownership
2. Management of the Business
3. Securing Capital
4. Production
5. Distribution of Commodities