Capitalism is an economic system that is relatively young. It has been in existence for a few hundred years and is considered to be the baby of social-economic systems. In this system, most of the land is owned by individuals and not governments. Capitalism is a free market economy which means that prices and value tend to fluctuate over time. Prices for goods and services move up as they demand for them also grow. The same is true of the reverse situation.
Students will learn modern aspects of this economic system including the concepts of supply and demand, movements within good and services. We also analyze the good and bad of it. Just because our country follows this system, doesn't mean we should not demand the advantages and disadvantages.