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.
Diffen âº Fashion & Beauty. Some polyurethane foams are used as artificial or faux leather (PU leather) for shoes, upholstery in sofas, and iPad smart covers. Leather is tanned animal hide and is more expensive than polyurethane.iffen âº Fashion & Beauty. Some polyurethane foams are used as artificial or faux leather (PU leather) for shoes, upholstery in sofas, and iPad smart covers. Leather is tanned animal hide and is more expensive than polyurethane.