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 ?
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.
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.
In a free enterprise system, prices are subjective and depend upon the needs and preferences of consumers at a particular point in time.
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.
A weeklong program managed by the Ohio Business Week Foundation, OBW immerses Ohio high school freshmen, sophomores and juniors in the American free enterprise system.
By removing unnecessary regulatory burdens, the president can free up the mighty engine of our free enterprise system to create jobs and bring a return to prosperity for families across our nation.
This is a free enterprise system and the government should stay the hell out.
In the process, a huge portion of the savings of the people never enters the borrowing pool, where it can be put to work to fuel the free enterprise system.
The Phillips Foundation is a non-profit organization founded in 1990 "to advance constitutional principles, a democratic society, and a vibrant free enterprise system.
Our mission is to ensure that every' child in our state has a fundamental understanding of how our free enterprise system works.