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.
Faux leather is made from a fabric base, which is chemically treated with wax, dye, or polyurethane for a color and texture. Ultimately, it is manmade and exists to give the look and feel of real leather at an exceptionally lower cost. The most common type of faux leather is p leather. It is a plastic fabric made to look like leather. It is lighter and less restrictive than real leather, and can be dyed any color. Faux leather comes in many forms and some are better quality than others. Other types of faux leather include leatherette and vegan leather.