| − | '''Capitalism''', also called '''free market economy''' is an economic system based upon private enterprise and where investments, production, distribution, income, and prices are determined through the operation of a market. Decisions regarding transfer of money, goods (including capital goods), and services are generally voluntary rather than regulated and mandated by government. | + | '''Capitalism''', also called '''free market economy''' is an economic system where the means of production are privately owned and operated, and where the investment of capital, and production, distribution, income, and prices are determined not by government (as in a planned economy) but through the operation of a market where all decisions regarding transfer of money, goods (including capital goods), and services are voluntary rather than regulated and mandated by government. |
| | Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly popular. | | Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly popular. |