Can you give me short summary abstract and conclusion onthe below
Capitalism is an economic system in which the major portion ofproduction and distribution is in private hands, operating under aprofit or market system. Socialism is an economic systemcharacterized by mainly having public ownership of property and aplanned economy. Capitalism has gone through several stages:mercantile, industrial, financial, state welfare, and globalized.Four key features of capitalism are the existence of companies,profit motive, competition, and private property. In particular,natural resources and means of production are owned by the privatesector. One basic defense of capitalism rests on a supposed naturalmoral right to property. Utilitarian’s
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