Capitalism
Capitalism is an economic system based on private ownership of the means of production and their operation for profit, with market forces determining prices, production, and distribution of goods and services. It emphasizes individual initiative, competition, and minimal government intervention in economic affairs. This system underpins many modern economies and influences business practices, investment strategies, and resource allocation globally.
Developers should understand capitalism as it shapes the business environments in which they work, affecting funding models (e.g., venture capital), market-driven product development, and career opportunities in tech startups or corporations. Knowledge of capitalism helps in navigating economic contexts for entrepreneurship, pricing software, and analyzing industry trends, though it's more relevant for business strategy than technical implementation.