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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. [1] [2] [3] [4] [5] Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.
Kapitalismus bezeichnet zum einen eine spezifische Wirtschafts- und Gesellschaftsordnung, zum anderen eine Epoche der Wirtschaftsgeschichte. Die zentralen Merkmale sind in Anbetracht des historischen Wandels und der zahlreichen Kapitalismusdefinitionen sowie ideologischer Unterschiede umstritten.
26. Okt. 2023 · 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 property rights,...
- Daniel Liberto
- 2 Min.
8. März 2024 · capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets. Although the continuous development of capitalism as a system.
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.
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.
The Editors of Encyclopaedia Britannica. Capitalism is a widely adopted economic system in which there is private ownership of the means of production. Modern capitalist systems usually include a market-oriented economy, in which the production and pricing of goods, as well as the income of individuals, are dictated to a greater extent by ...
