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May 8, 2024 · Capitalism is an economic system characterized by private ownership of the means of production, with labor solely paid wages. Capitalism depends on the enforcement of private...
- Daniel Liberto
- 2 min
The meaning of CAPITALISM is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
an economic and political system in which property, business, and industry are controlled by private owners rather than by the state, with the purpose of making a profit: The former communist embraced capitalism and started his own company. She wrote that capitalism was devastating the environment.
Nov 6, 2024 · Capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately held and production, prices, and incomes are determined by markets. Learn more about the history and development of capitalism in this article.
an economic and political system in which property, business, and industry are controlled by private owners rather than by the state, with the purpose of making a profit: The former communist embraced capitalism and started his own company. She wrote that capitalism was devastating the environment.
Capitalism is based on the accumulation of capital, whereby financial capital is invested in order to make a profit and then reinvested into further production in a continuous process of accumulation. In Marxian economic theory, this dynamic is called the law of value.
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Capitalism is a widely adopted economic system in which there is private ownership of the means of production.
