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- Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. The defining characteristics of capitalism include private property, capital accumulation, competitive markets, price systems, recognition of property rights, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, economic efficiency, profit motive, a financial infrastructure of money and investment that makes possible credit and debt,...
en.wikipedia.org/wiki/Capitalism
Capitalism is a political economic system that allows the freedom of private human creativity and the profit motive to determine the operations of production, commerce, trade, and finance worldwide under...
- Capitalism Flashcards
The incentive that drives individuals to improve their...
- What is capitalism Flashcards
uneven economic growth, growing gaps between rich and poor,...
- What is the definition of capitalism?
Capitalism is an economic and political system that allows...
- Capitalism Flashcards
The incentive that drives individuals to improve their material well-being. Standard of living. Level of economic prosperity measured by available good and services. The economic system of capitalism developed as a response to mercantilism and the industrial revolution.
uneven economic growth, growing gaps between rich and poor, large "supply-side" tendencies and rights and responsibilities
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CAPITALISM. Is an economic system based on private ownership of resources and production that is designed to make a profit. Also called "free market". Capitalism allows individuals and private businesses to decide most of economic matters.
Capitalism. an economic system in which property and goods are primarily private owned ; investments are determined by private decisions; and prices, production and the distribution of goods are determined primarily by competition in an unfettered marketplace. Mechanical Solidarity.
Capitalism is an economic and political system that allows private persons to own the means of production, resources, and capital goods. These private entities exercise authority through their companies.
