Capitalism is defined as an economic system that is based on private ownership of capital. In a capitalist economy, the means of production are owned by individuals and the market functioning determines the production and pricing of goods and services.
Bicast leather (also known as bycast leather or PU leather, sometimes described as split leather) is a material made with a split leather backing covered with a layer of polyurethane (hence the term PU leather) that is applied to the surface and then embossed.
Split leather is leather created from the fibrous part of the hide left once the top-grain of the rawhide has been separated from the hide. During the splitting operation, the top-grain and drop split are separated. The drop split can be further split (thickness allowing) into a middle split and a flesh split.