Difference between revisions of "Capitalism"
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'''Capitalism''' is an economic system where the means of production 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 regulated and mandated by government. | '''Capitalism''' is an economic system where the means of production 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 regulated and mandated 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, which is quite a shame, as capitalism is considered to be a very weak system, in terms of governmental control. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 19:18, April 9, 2007
Template:Stub Capitalism is an economic system where the means of production 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 regulated and mandated by government.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly popular, which is quite a shame, as capitalism is considered to be a very weak system, in terms of governmental control.