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.

capitalism

see PRIVATE-ENTERPRISE ECONOMY
References in periodicals archive ?
Competition has been a key to the success of the American free-enterprise system, and based on what we've seen so far, it would be hard to disagree with keeping it as a part of the state education system, too.
The Association brings the "Horatio Alger Heroes" of today together with those of tomorrow by bestowing the Horatio Alger Award annually, hosting career, public service, and community service seminars; sponsoring free-enterprise conferences, awarding more than $2,000,000 in college scholarships, and providing an internship and job placement program.
Organized in 1994, the National Investment Banking Association (NIBA) is a national association of NASD regional and independent broker-dealer and investment banking firms seeking to strengthen the free-enterprise system, and to provide a vital source of information and education to its members and the investing public.
Organized in 1994, The Regional Investment Bankers Association (RIBA) is a national association of NASD regional and independent broker-dealer and investment banking firms seeking to strengthen the free-enterprise system, and to provide a vital source of information and education to its members and the investing public.
The Council's mission is to promote a free-enterprise environment for electronic-funds transfer and ATM services through the open exchange of opinions vital to the ATM and EFT industry, legislative and regulatory analysis, and advocacy of best practices for the industry.