Capitalism is an economic system in which private individuals and private companies own resources– things like land, labor, and machinery– and typically use these resources to try and make a profit. Under the British health care system, the government owns hospitals, and provides medical care to whoever needs it. This is different from capitalism. If the British health care system were based on the capitalist model, private companies would own the hospitals, and they would provide health care to those who could afford to pay for it.
- Generation Microfinance: Charlie Javice Believes in the Power of Students to Alleviate PovertyPoverUp, which launched in April 2011, was named one of Inc. Magazine’s “11 Coolest College Startups,” and founder Charlie Javice, who is 19, was one of Fast Company’s “100 Most Creative People in Business 2011.” Javice, a student at The Wharton School, University of Pennsylvania, spoke with Knowledge@Wharton High School editor Diana Drake about building an online network that lets socially minded students learn, connect and invest in microfinance.
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