Difference between revisions of "Capitalism"
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The inefficiency of state controlled industries has led to some deregulation and privatisation and now many ex-nationalised companies have become profitable businesses. | The inefficiency of state controlled industries has led to some deregulation and privatisation and now many ex-nationalised companies have become profitable businesses. | ||
| − | Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly | + | Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly popular in character. |
Revision as of 07:49, March 20, 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 capitalist economies are mixed economies, with at least part of the economy under public control either by regulation or direct subsidization from the public treasury.
Today government involvement in capitalist economy can extend to state owned and controlled industries in everything from oil reserves, drilling and refinement, nuclear and electric power generation, to health care services, automobile construction, broadcasting, telecommunications, and transportation.
The inefficiency of state controlled industries has led to some deregulation and privatisation and now many ex-nationalised companies have become profitable businesses.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly popular in character.
