capitalism
Capitalism is a social construct that recognizes the private ownership of goods as a non-transferable fundamental right of society. It is also defined as a socioeconomic system that ensures that capitalists and entrepreneurial classes with means of production are engaged in production activities to pursue their profits. Capitalism is also an economic system based on private ownership, since the recognition of private ownership of a good is a direct decision to sell, transfer, consume, and dispose of it. In the capitalist economic system, prices, investments, and distribution of goods or services are mainly made through the market economy. There were already some capitalist features in ancient times, and commercial capital developed at the end of the Middle Ages, but most of the systems of the modern capitalist economic system developed in England from the 16th to the 19th century. In the West, with the end of the feudal system, capitalism became a dominant social organization.