<em>Unlike a socialist, a capitalist believes that competition will result in higher wages for workers.
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Capitalism is the economic system based on competition and the free market. Opposed to Socialism that favors the control of the state over production, in capitalist countries, free market and competition are the base of the economic system where only hard work is the limit to be wealthy. In Capitalism, competition will result in higher wages for workers due to the efficient and effective production and selling of goods that could generate productivity that impacts the wages of workers.
