What are the fundamental beliefa of capitalism？

Capitalism is the economic and social system and also the mode of production. In capitalism, means of production are predominantly privately owned and operated for profit and distribution, and exchange is in a mainly market economy. The rise of capitalism was supported by the ideas and theories of the many philosophers. One of the first was Adam Smith whose theory of "invisible hand" of market claimed that pursuing individual interests unintentionally produces good for society. David Ricardo developed the law of comparative advantages, which explain how trade can benefit all parties involved. John Lock argued that the right to have private property is the natural law.

The renaissance was a major turn in history. many new ideas and technological advances came into place. it was a time of new thinking, where many were inspired by enlightenment beliefs. most people were branching out from what the government or the catholic church was saying, and using science to answer questions about the world around them. it was also a time when the arts were booming. artists, musicians, mathematicians, philosophers, and historians were becoming more and more of a respected society. the renaissance was a major turn in history.