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 is actually polyurethane on the exposed surface, followed by a thin layer of fabric with bits of leather scraps fused onto it. The inner fabric holds the structure together. Bonded leather is not as strong or as durable as true leather. Saddleback Leather: The Most Vital Part of Saddleback: Leather 101.