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.
Leatherette and other faux leathers are synthetic materials designed to emulate the look of actual leather. They may contain a fabric mesh-like layer on the bottom or underside, with polyurethane, vinyl or another tinted synthetic substance on the top, textured to look like leather.