Capitalism, Economic System, and the Major Economic Challenges

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Capitalism
Question 1
Capitalism is an economic system that emphasizes private ownership of property. Capitalism believes that people can make their own money. Sometimes the common man cannot make good choices. In this case, the learned must intervene and make choices for the citizens. One of the most vital moral considerations in favor of capitalism is that people cannot be free to make or pursue boundless financial happiness. Since the elite group is considered to be the smaller segment of the population, it means the government can control all society's businesses (Sender, John, & Sheila Smith 97).
On the other hand, the smaller group controls the wealth of the nation. However, capitalism does not promote democracy in society. It means people are limited from pursuing their happiness. The Constitution of the United States guarantees people liberty, the pursuit of...