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 ?
The main questions dealt with the identification of the father or synthesizer of communism and the father of free enterprise system. The correct answers were Karl Marx and Adam Smith respectively.
Voegeli could do readers an invaluable service by exploring the connection between the growth of the regulatory state and the crony capitalism that feeds on it, distinguishing this corrupt mutant from the free enterprise system it is so vital for Americans to preserve.
Is Obama actually against the free enterprise system? He's called himself a redistributionist, at least in the famous clip with Joe the Plumber, but is he actually for getting rid of private property?
In recent years, it appears that the winner in the contest between capitalism and communism is capitalism or the free enterprise system.
"We have taken many factors into consideration before deciding on Dubai including its strategic location, free enterprise system, first-rate air transport links, well-developed business Infrastructure, state-of-the-art-telecommunications and sophisticated support services," said SLTPB Managing Director, Dileep Mudadeniya..
And we'll also make it so that your government doesn't work against you in your job, but helps work for you, because good government ought to facilitate the free enterprise system; it ought not to complicate the free enterprise system." A*LATWP News Service Romney wins Michigan primary
The foundation created this program to provide fellowships for projects to be undertaken by journalists who share the foundation's mission to advance constitutional principles, a democratic society, and a vibrant free enterprise system.
"This is contrary to the basic concepts of the American free enterprise system."
It's all based upon our so-called free enterprise system. A system that appears aimed at letting the entire world reap profits through U.S.
They would prefer to be part of a free enterprise system of medicine.
"In a free enterprise system, you can't be forced to see a patient at a loss," Gamel adds.
The JA mission is to ensure every child has a fundamental understanding of the free enterprise system.