Capitalism is an economic system whereby monetary goods are owned by individuals or companies. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained in determining where to invest, what to produce, and at which prices to exchange goods and services.
 | | Term of the Day | Words to Know | | |  | | Capitalism | Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.
Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries. | | Read More » | | Market Economy | | A market economy is a system in which economic decisions and pricing are guided by the interactions of citizens and businesses. | | Read More » | | | Factors Of Production | | Factors of production is an economic term to describe the inputs that are used in the production of goods or services in the attempt to make a profit. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
:max_bytes(150000):strip_icc()/economy_dollars_performance_shutterstock_383638426-5bfc303cc9e77c005144cbdb.jpg)
No comments:
Post a Comment