Difference between revisions of "Capitalism"
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| − | Capitalism is | + | Capitalism is an economic system whereby most of the means of production are in private (non-government) hands and the distribution of goods and services is largely governed by market forces. |
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| + | In reality, all capitalistic economies are mixed economies, with large sectors in public hands and with the market system subject to rules and regulations imposed by the government. | ||
Revision as of 10:57, March 16, 2007
Template:Stub Capitalism is an economic system whereby most of the means of production are in private (non-government) hands and the distribution of goods and services is largely governed by market forces.
In reality, all capitalistic economies are mixed economies, with large sectors in public hands and with the market system subject to rules and regulations imposed by the government.