According to google, capitalism is an economic system based on private ownership of the means of production and their operation for profit, it is also an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
The capitalist economy is whereby private companies own capital goods and services.
There are various characteristics of capitalism which includes;
Capitalism should be permitted or given a chance in Nigeria’s economy, issues like unemployment, financial incapacitation, and low standard of living would cease to exist because issues like that would become minimal to the economy. Citizens would set up businesses and be more creative without thinking about falliable risks.