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.
Bonded leather, also called reconstituted leather or blended leather, is a term used for a manufactured upholstery material including animal hide. It is made as a layered structure of a fiber or paper backer, a pulp made from shredded leather and a polyurethane coating which is embossed with a leather-like texture.