Capitalism: Difference between revisions
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Merriam-Webster's Online dictionary defines capitalism as, "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market." <ref> http://www.merriam-webster.com/dictionary/capitalism </ref> | Merriam-Webster's Online dictionary defines capitalism as, "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market." <ref> http://www.merriam-webster.com/dictionary/capitalism </ref> | ||
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Revision as of 04:04, 13 May 2010
Merriam-Webster's Online dictionary defines capitalism as, "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market." <ref> http://www.merriam-webster.com/dictionary/capitalism </ref>
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