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 ?
He is hopeful that as the economy worsens, more people will get involved and help restore sound money and limited government--two essential requirements of a healthy free-enterprise system.
"Understanding the free-enterprise system is as basic as understanding any lesson of geography or history," suggests Cooper Industries Chairman John Riley, who serves on JA's national board.
It is interesting, some 150 years later, to see how healthy and thriving is the free-enterprise system, and to see worker safety and well-being as top priorities in industry.
"The students must support groups that contradict their views in support of the free-enterprise system, Governor Tommy Thompson's policies, keeping sex within marriage, the death penalty, the Bible as the standard of truth, and support for widening U.S.
For several years now, prominent American economists have been advising governments of Eastern Europe and the former Soviet Union on the creation and virtues of a free-enterprise system.
Asked how a corporation in a free-enterprise system can wait four decades to see its investment pay off, Probert says, "It'll generate revenue in the future, but it maintains your land value right now.
The government's role will be the funding of our 30 million uninsured, low-income Americans, since the free-enterprise system just won't do it directly.
Lincoln championed a free-enterprise system partly because it provided the means by which people could advance their desires and opportunities.
Secondly, I am uncertain what if any relationship the word "consumer" has to "a more humane and creative discipline that focuses on both independence and productivity." The free-enterprise system, despite its many advantages, is not driven by humanism, what is good for the consumer, or even what the consumer needs; it is driven by profit, competition, and what the consumer will buy.
Mountain States Legal Foundation, of Denver, is a nonprofit, public-interest legal center dedicated to individual liberty, the right to own and use property, limited government and the free-enterprise system.