Difference between revisions of "Capitalism"
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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. | 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 economies are capitalistic economies including socialist economies, whereas socialist economies deprive the rights of the | + | In reality, all economies are capitalistic economies including socialist economies, whereas socialist economies deprive the rights of the individual to be rewarded for his labor and to own property, all the net gain in expropriated by the state. |
Revision as of 16:10, March 17, 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 economies are capitalistic economies including socialist economies, whereas socialist economies deprive the rights of the individual to be rewarded for his labor and to own property, all the net gain in expropriated by the state.