Original sentence: Capitalism is an economic system in which the means of production are privately owned and operated for profit.In any case, profit is what is received by virtue of control of the tools of production, by the capitalists – those who provide the capital.More fundamentally, others define capitalism as a system where production is carried out to generate profit and governed subject to the laws of capital accumulation, regardless of legal ownership titles.Private ownership in capitalism implies the right to control property, including determining how it is used, who uses it, whether to sell or rent it, and the right to the revenue generated by the property.Some define capitalism as where all the means of production are privately owned, and some define it more loosely where merely "most" are in private hands — while others refer to the latter as a mixed economy biased toward capitalism.The term capitalist refers to an owner of capital rather than an economic system, but shows earlier recorded use than the term capitalism, dating back to the mid-seventeenth century.The three inputs required for production are labor, land (i.There is general agreement that capitalism encourages economic growth
Edited sentence: Capitalism is an economic system in which the means of production are privately owned by private citizens and operated for profit.In any case, profit is what is created by control of the tools of production, by the capitalists – those who provide the capital and leadership.It is understood that capitalism facilitates economic growth.More fundamentally, capitalism is defined as a system where production is carried out to create profit and governed subject to the laws of capital accumulation, regardless of legal ownership titles.Private ownership in capitalism implies the right to control property, including determining how it is used, who uses it, whether to sell or rent it, and the right to the revenue created from working the property.Some define capitalism as where all the means of production are privately owned, and some define it more loosely where merely "most" are in private hands — while others refer to the latter as a mixed economy.The term capitalist refers to a producer of capital rather than an economic system, but shows earlier recorded use than the term capitalism, dating back to the mid-seventeenth century.The three tools required for production are labor, land (i.These are then directed by the capitalist in order to produce other goods.This form of economy is only nominally capitalism, and is virtually indistinguishable from socialism in practice.This is a form of mixed economy