Plate tectonics. The Earth's crust and upper part of the mantle [mantle: A zone of hot rock in the interior of the Earth, located between the outer crust and the molten core. ] are broken into large pieces called tectonic plates. These are constantly moving at a few centimetres each year.
Capitalism is an economic system in which trade, industry, and the means of production are privately owned and operated via profit and loss calculation (price signals) through the price system.he term capitalist mode of production is defined by private ownership of the means of production, extraction of surplus value by the owning class for the purpose of capital accumulation, wage-based labour, and, at least as far as commodities are concerned, being market-based.
Advertisements: A capitalist economy is a form of economic organisation in which means of production viz., land and capital are owned by private people. Capitalistic economy is also known as free market economy and Laissez faire economy. Features of Capitalist Economy: The main features of a capitalist economy are as follows: (a) Factors of production are owned by the individuals. (b) Every individual has freedom to start business of his own choice. (c) All economic activities are guided by the motive of profit.