Defining Capitalism 2.List of interactions – interactive between Econ soc polit geog… 1.Private Ownership underpinning, foundation 3.Means of production controlled through ownership Means are things needed to make something 4.Dominates world Now in your own words write a definition of Capitalism

Major points on pages Two groups – hh’s and corps Market balances Supply – demand Key institution Resource and product (consumption) Profit – guide Government – organize, oversee, polices, encourage, create rules – mixed economies world economy – geography – how and where production & consumption