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.
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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.
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In reality, all economies are capitalistic economies including socialist economies, whereas socialist economies deprive the rights of the indidual to be rewarded for his labour and to own property, all the net gain in expropriated by the state.