See capitalist market economic system. Compare pure command economic system, pure free-market economic system.

Economic system characterized by the following: private property ownership exists; individuals and companies are allowed to compete for their own economic gain; and free market forces determine the prices of goods and services. see also invisible hand, socialism.

a political and economic system involving the private ownership of companies through shareholders or individual owners

Economic system marked by private ownership of the means of production and exchange, a market economy, economic competition, free trade, and consumer sovereignty.

An economic system in which the production and distribution of goods depend on invested private capital and profit-making. Politically, this means the dominance of private owners of capital and production for profit. By extension, 'capitalism' has also taken in the belief that government should have nothing to do with the economy.

An economic system in which individuals carry on the production and exchange of goods through a network of markets. Some of the key characteristics of capitalism are that production facilities are privately owned and activity is organized through the interaction of buyers and sellers.

an economic system in which individuals own and operate the majority of businesses that provide goods and services

an economic system based on a market economy in which capital is individually owned, and production and employment decisions are decentralized.

A system of economics for a society in which people are free to exchange property, goods, and services, usually through the use of a standard of currency. This system normally balances itself according to the laws of supply and demand. It is known for its great allowance of personal liberty and freedom, but its mechanisms can sometimes result in unjust and unfair situations for some.

Economic organization based upon the free market and inherent individual rights.

Often used to describe market-based economies where prices are set and goods allocated through market interactions of producers and consumers. The right to private property is an essential feature of capitalism.

an economic system based on private ownership of capital

A type of economic system that depends on the price system to answer the basic economic questions: What is produced? How is it produced? Who gets how much? What should be the rate of economic growth

An economic system in which markets decide what, when, and for whom to produce.

An economic system based on the exchange of capital.

Economic system in which property is privately owned and goods are privately produced.It is sometimes referred to as the private enterprise system.

an economic system based on the ownership of land, factories, and other means of production by private individuals who compete with one another using the hired labor of other persons to produce goods and services for a

This economic system is premised on private ownership, market-based decision making by large numbers of buyers and sellers, and reinvestment of profits into the firm. The term free-enterprise system is preferred today.

Capitalism is the dominant economic system in the world today. Loosely definable as a system of private enterprise whose primary aim is the production of profit, capitalism has been developing since at least the fifteenth century, and underwrites many of the economic and cultural institutions that we take for granted today, such as private property, individual freedom and the imperative of economic growth. In capitalist economies, the means of creating, distributing and exchanging wealth lies mainly in the hands of individuals and corporations (which have the rights of individuals in North America), rather than in public or state hands. The value of goods and of labour is defined not by its social usefulness or significance, but by how much it can be exchanged for. The main goal of individuals in capitalism is to maximize profit or the wages they receive. Proponents believe that through the dance of supply and demand, goods and services are optimally and efficiently distributed throughout society. Detractors point to the growing gap between the wealthy and the poor, who often generate wealth for those at the top. See also Close-Up box 1.1 in textbook.

An economy based on private enterprise and the use of markets for allocating economic resources.

An economic system characterized by private ownership of the means of production, from which personal profits can be derived through market competition and without government intervention.

Economic system in which goods and services are produced, exchanged and owned by individuals with minimal governmental regulation.

A social system of individual rights and private enterprise.

an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations.

Capitalism is an economic theory which stresses that control of the means of producing economic goods in a society should reside in the hands of those who invest the capital for production. Private ownership and free enterprise is supposed to lead to more efficiency, lower prices, better products. Adam Smith popularized this theory in his 1776 book The Wealth of Nations.

Economic system that allows for private property ownership. Companies and individuals compete for their own financial gain.

Economic system based on the ownership and exchange of goods and services by private individuals, and through which individual accumulation of resources is relatively unchecked by governmental regulations.

an economic system that encourages individuals to make profits through investments and the private ownership of goods, property and the means of production, distribution and exchange

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

One of the great “isms,” explicitly linking politics to political economy, capitalism is a system which corresponds loosely to a market economy. In this system, private economic actors are generally free from state constraints and the state engages in only limited efforts to shift resources among private actors. Capitalism is founded on the philosophy of laissez-faire economics. There is no assumption that capitalism requires a particular form of political processes to function efficiently.

(n.) -- an economic system where the market is allowed to determine the price and characteristics of goods and services through the laws of supply and demand and ultra-rich capitalists are allowed to own and control a large proportion of wealth; an economic system marked by private ownership of the means of production and increasing concentration of wealth in the hands of the ruling, bourgeois class. Engels, "Socialism" (702).

an economic and social system in which individuals can maximize profits because they own the means of production.

An economic system in which the means of production are privately owned and controlled and which is characterized by competition and the profit motive.

the economic system where the ownership of the means of production is in private hands; the system operates according to market forces where capital and labor move freely. According to radicals, an exploitative relationship between the owners of production and the workers (42) see also: comparative advantage , imperialism

Economical system based on free trade instead of coercion or central planning. Based on natural rights. Synonymous of "free market". For the opposite, see communism.

an economic system that serves to increase the wealth of the wealthy at the expense of sending the poor farther into poverty same as socialist same as libertarian an economic system that ensures a growing economy by rewarding labor and talent; the only system available that offers the poor a chance to survive

a social system based on the recognition of individual rights

An economic system in which, generally, the factors of production are owned by private individuals or firms, and most economic decisions are made by self-interested entrepreneurs.

an economic system characterized by private ownership of resources and markets

A political system that acknowledges and protects individual rights.

an economic system that allows for private ownership of the means of production (land, labour, & capital) and assumes that economic decision making is in the hands of individuals or enterprises who make decisions expecting to earn a profit. Page 6

Very simply: capitalism is the economic side of individual liberty, the ability of individuals to make free decisions concerning the wealth they have accumulated. And on a practical basis, no economic alternative can do a better job of channeling resources to where they are needed.

The economic system where companies and individuals are allowed to compete in an open market for their personal financial gain. Margaret Thatcher was a devout believer in this system, as she proved when she privatised the utility companies in the 1980s.

Capitalism generally refers to an economic system in which the means of production are mostly privatelyPrivate ownership is sometimes used as a synonym for individual ownership, however the term "private" may also be used to refer to collective ownership by individuals in the form of corporate ownership. Therefore, "privately owned" in the context of this definition means not owned by the state and not community owned. Source: Understanding Principles of Politics and the State by John Schrems, PageFree Publishing (2004), page 234. owned and operated for profit, and in which distribution, production and pricing of goods and services are determined in a largely free market.

Capitalism is a business simulation computer game first published in 1995 by Interactive Magic, developed by Enlight for the Macintosh and MS-DOS and designed by Trevor Chan. Other similar business simulation games include Industry Giant, Entrepreneur and The Corporate Machine. Capitalism is often regarded as being the first successful business and economics simulation computer game.