The dictionary isn’t going to tell you. I remember asking a similar question as a child: what is economy? What is capitalism and what is the economy? Before you read any further, erase your mind of any prior conceptions you had of economics because the answer may confuse you. The answer to these questions is simple on the surface: economics is about human action. That’s it. But, human action is a very complex subject. That’s where the complexities of economics comes in, and the intimidation one feels when researching economics. I am here to tell you that economics is not a subject left solely to males or masters, and it is our duty to understand what it is and it is something that affects our everyday lives.
Before we begin to understand what capitalism is, based off of new information, we must first define what capitalism is not. Capitalism is
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