capitalism

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Related to Free enterprise economy: Market capitalism

Capitalism

The economic system in which the means of production is privately held. In capitalism, the most important means of production is money rather than land (as in feudalism) or labor (as in socialism). That is, the ability to raise and use money for the production of goods and services is more important than owning the land from which goods come, or the ability to work in order to create a good or service. As a result, government policies generally target the regulation (or not) of money and its uses rather than those of property and/or labor. While capitalism is often associated with laissez-faire policies, governments often involve themselves in capitalist countries. The appropriate amount of government intervention in a capitalist system remains hotly debated.

capitalism

see PRIVATE-ENTERPRISE ECONOMY
References in periodicals archive ?
No, it's the free enterprise economy - which, of course, amounts to the same thing.
In a free enterprise economy, economic forces flow from ownership of human and other resources.
We are living in a free enterprise economy where growers can sell their coffee internationally.
FEN opposes all of these measures as being detrimental to a free enterprise economy and will support legislation to oppose any and all of the above measures.

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