Definitions for capitalist economy
cap·i·tal·ist econ·o·my

Princeton's WordNetRate this definition:0.0 / 0 votes

1. capitalism, capitalist economynoun

   an economic system based on private ownership of capital

WikipediaRate this definition:0.0 / 0 votes

1. capitalist economy

   Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and state-sanctioned social policies. The degree of competition in markets and the role of intervention and regulation as well as the scope of state ownership vary across different models of capitalism. The extent to which different markets are free and the rules defining private property are matters of politics and policy. Most of the existing capitalist economies are mixed economies that combine elements of free markets with state intervention and in some cases economic planning.Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Economic growth is a characteristic tendency of capitalist economies.

ChatGPTRate this definition:0.0 / 0 votes

1. capitalist economy

   A capitalist economy, also known as a free market system, is an economic system in which business and industry are privately owned and operated for profit. In such an economy, the production, distribution, and pricing of goods and services are determined by competition in a largely unregulated market, not by the state. Success or failure of businesses are dependent on consumer choices and market demand. The central principle of capitalism is voluntary exchange, investing capital to ensure growth and wealth.

Matched Categories

1. • Market Economy

How to pronounce capitalist economy?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

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   Fred

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   Tessa

   South African

How to say capitalist economy in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of capitalist economy in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of capitalist economy in Pythagorean Numerology is: 2

Examples of capitalist economy in a Sentence

1. Ludwig Mises:

   Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=capitalist economy
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Capitalist_Economy
3. ^ ChatGPT
   https://chat.openai.com