Electoral College | Features, Advantages and Disadvantages What is an Electoral College? An electoral college is a set of electors who are selected to elect a candidate to particular offices. This is a group of body of elected representatives who in turn come together to elect people into political offices. It is also...

Capitalism is an economic system that is based on private ownership of the means of production, as well as on the principle of free market, whose objective is the accumulation of capital. The word is formed from the union between the noun capital, which in this context means 'set of economic goods', and the Greek suffix ism, which means system.