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capitalism: [noun] 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.
Theory of Capitalism. Capitalism is a system of largely private ownership that is open to new ideas, new firms and new owners—in short, to new capital. Capitalism’s rationale to proponents and critics alike has long been recognized to be its dynamism, that is, its innovations and, more subtly, its selectiveness in the innovations it tries out.
CAPITALISM definition: 1. an economic and political system in which property, business, and industry are controlled by…. Learn more.
capitalism, or free-market economy or free-enterprise system, Economic system in which most of the means of production are privately owned, and production is guided and income distributed largely through the operation of markets. Capitalism has been dominant in the Western world since the end of mercantilism. It was fostered by the Reformation, which sanctioned hard work and frugality, and by ...
They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how ...
Capitalism is an economic system based on the private ownership of the means of production, and their operation for profit. Other characteristics include free trade, capital accumulation, voluntary exchange, and wage labor. Its emergence, evolution, and spread are the subjects of extensive research and debate.
Kapitalismusmodelle ist ein Sammelbegriff für die in den Sozial-, Politik- und Wirtschaftswissenschaften, insbesondere in den Teildisziplinen der vergleichenden Politischen Ökonomie und komparativen Industrial Relations -Forschung, konstruierten und diskutierten Ideal- und Realtypen von Formen kapitalistischer Wirtschaftssysteme.
