capitalism

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Related to Pure capitalist: pure democracy, Pure monopoly

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 ?
If the culture of the firm can focus lawyers' attention on the quality of their professional lives--where compensation is just one aspect, albeit an important aspect, in the life of the firm--then we may be able to tame that pure capitalist beast that we call the modern law firm.
I know a lot of people who believe that there is a kind of class war emerging within the gay and lesbian world - that the gay conservatives and the gay pure capitalists will simply push the rest of us out of the picture with a kind of de-facto blacklist.
The latter, Bhaduri shows, adjusts to secure uniform growth in the values of capital assets owned by pure capitalists and by workers at a rate of profit dictated by capitalist behavior.