capitalism

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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.
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capitalism

see PRIVATE-ENTERPRISE ECONOMY
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Ther sieht allerdings den Grund in diesen "halblegalen und illegalen Praktiken", die nach der Wende in den postsowjetischen Landern durch die "Reformpolitik" das Anwachsen der Oligarchien begunstigt haben, nicht ausschliesslich in "kulturellen Spezifika des postsowjetischen Raumes" gelegen (38) Ther versteht die osteuropaischen Oligarchen als "Pioniere des Kapitalismus" die "Chancen" genutzt haben, "die sich im Rahmen der Wirtschaftsreformen boten" und die eine "ausserst effektive Kapitalakkumulation" betrieben.
(2.) According to the most recent biography of Max Weber, the founder of modern political science, he came up with the idea that led to his Die protestantische Ethik und der Geist des Kapitalismus (1904-1905) while he was living in Rome.
First published in German as Soziologie -- Kapitalismus -- Kritik: Eine Debate in 2009, and adding three new concluding chapters here, this volume critiques capitalism from a sociological perspective, examining how it as a form of private profit accumulation and the social conditions and consequences it involves, particularly financial market-driven crisis and the increasing gap between economic growth and general levels of prosperity, as economic growth has become a driving force of crisis.
Poco despues, gracias, por un lado, a la lectura del libro de Max Weber Dieprotestantische Ethik und der <<Geist>> des Kapitalismus (1905) y, por otro lado, a sus experiencias en Inglaterra y Estados Unidos, Maeztu concluira que el unico remedio frente al atraso endemico de la sociedad espanola es el relanzamiento de una burguesia creadora y productiva, sustentada en una espiritualidad que revalorice el trabajo.
Em Der moderne Kapitalismus (1916-27), Sombart (apud BROUARD; LARIVET, 2011) observa que a criatividade e a capacidade de romper padroes e valores tradicionais que caracterizam o empreendedor capitalista podem ser encontradas em todos os povos, grupos sociais, mas sao mais frequentes em membros de determinadas minorias.