Difference between revisions of "Capitalism"
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| − | '''Capitalism''' is an economic system | + | '''Capitalism''' is an economic system where the means of production are are in private (non-government) hands, and where investments, production, distribution, income, and prices are determined through the operation of a a market where all decisions regarding transfer of money, goods (including capital goods), and services are voluntary rather than 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. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 11:51, April 3, 2007
Template:Stub Capitalism is an economic system where the means of production are are in private (non-government) hands, and where investments, production, distribution, income, and prices are determined through the operation of a a market where all decisions regarding transfer of money, goods (including capital goods), and services are voluntary rather than by government.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly popular.