A capsule includes a deformable and/or compressible casing provided with a base wall and a side wall defining a cavity suitable for containing an initial product to be combined with a fluid to make a final product. The deformable base wall is provided with an outlet passage for the outflow and dispensing of the final product, and when the casing is compressed and/or crushed, it changes from an initial configuration to a final configuration. The capsule further includes a closing device inside the cavity, substantially facing and adjacent to the base wall and provided with a closing portion arranged inside the cavity for engaging and closing the outlet passage in the initial configuration of the base wall, and for disengaging and opening the outlet passage, so as to dispense the final product through the outlet passage in the final configuration of the base wall.