capitalism

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Related to Free enterprise system: Free enterprise economy

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 ?
As to the question dealing with the father of the free enterprise system, 97 or 42.
Subsequently, the State Board of Education amended school accreditation standards to require that all schools: (a) offer an elective free enterprise course to all high school students, (b) incorporate the study of the free enterprise system into the required high school social studies courses, and (c) correlate free enterprise education instruction with the elementary curriculum (Texas Education Agency, 1979).
They have an absolute fiduciary responsibility to shareholders, not to mention to our free enterprise system.
That, combined with our free enterprise system, has helped us do well in the past.
A tireless reformer of the free enterprise system, he has resolutely promoted social justice and challenged conventional assumptions in his Harvard classroom and in the public arena.
We hold inviolate the free enterprise system and the "American Way of Life.
The attacks are not just assaults on specific businesses but on the American free enterprise system and the principle of individual rights, Arnold says.
Within a free enterprise system, the future will continue to bring new generations of products that will repeat the pattern of falling prices.
The field of laboratory medicine provides tremendous benefit to society because of the contributions of individuals and organizations who have benefited from the free enterprise system.
To Avon, the results of our partnership with minority businesses is obvious: we include minority businesses in our supply chain, they create new wage earners with discreationary incomes, who are then able to participate in the free enterprise system of the country.
The 38-year-old senior lending officer for Bankoh's Big Island operations is a model of community involvement: He is president of the Hawaii Island Chamber of Commerce, and is serving his second term as leader of Junior Achievement of Hawaii Island, a program which educates junior and high school students about the joys of economics and the free enterprise system.
Much progaganda in the early tuberculosis movement blamed the free enterprise system for disease as much as it did the poor air and unhealthful living conditions.