Difference (from prior major revision)
(no other diffs)
Added: 2a3,4
An integral element of capitalist theory is the private ownership of property, and privately made decisions regarding employment, sales, purchases, savings and investments. This private ownership and these privately made decisions are said to constitute a FreeMarket?, and the forces of the FreeMarket? are driven by the aforesaid factors. Historically, capitalist economies have been characterized by the potential for rapid accumulation of personal and corporate wealth, high national productivity, and potentially highly unequal distribution of wealth, resulting in extreme differences between the very wealthy and the very poor among private citizens.