capitalism definition

capitalism

Economic system based (to a varying degree) on private ownership of the factors of production (capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system.

capitalism is in the Economics, Politics, & Society subject.

capitalism appears in the definitions of the following terms: Marxism, surplus, surplus value, conservatism, Chicago school of economics, countervailing power and free enterprise

This content can be found on the following page:

http://www.businessdictionary.com/definition/capitalism.html