An economic system refers to the way the money, industry, and trade of a country or region are organized. People often disagree about how economic systems around the world should work. Capitalism, the system used in the United States, tends to involve fewer rules from the government. Many people support capitalism, but some critics say that it is unfair and can prevent poorer people from improving their lives. As you read, take notes on both the positive and negative traits of capitalism. This text is prepared for grade 8 students. Capitalism by CommonLit is licensed under CC BY-NC-SA 2.0.
