An economic system predicated on predominantly exclusive individual or corporate financial investment in and ownership of the method of manufacturing distribution and trade of products and wealth contrasted with socialism or specially communism where the state gets the predominant role in the economy
- an economic system considering private ownership of capital
The winner, about for the present time, of struggle of economic 'isms'. Capitalism is a free-market system built on personal ownership, specifically, the concept that people who own CAPITAL have actually PROPERTY RIGHTS that entitle all of them to make a revenue as a reward for putting their particular capital at RISK in a few as a type of economic task. Opinion (and practice) varies considerably among capitalist nations in what role the state should play in the economy. But everyone else agrees that, at least, for capitalism to the office their state needs to be powerful adequate to guarantee residential property rights. Based on Karl MARX, capitalism offers the seeds of their very own destruction, but so far it's shown a far more accurate information of Marx's progeny, COMMUNISM.
business simulation computer game very first posted in 1995 by Interactive Magic, manufactured by Enlight for Macintosh and MS-DOS and designed by Trevor Chan.
1854, "condition of getting money;" from capital (n.1) + -ism. Meaning "political/economic system which promotes capitalists" is recorded from 1872.
financial system based (to a varying level) on exclusive ownership of the facets of manufacturing (capital, land, and work) utilized in generation of profits. It will be the oldest & most typical of most financial methods and, generally speaking, is synonymous with no-cost market system.
A mode of financial manufacturing that will be characterized by the reality that the devices of manufacturing (land, production facilities, recycleables, etc.) tend to be controlled to a better or lesser extent by personal individuals or groups. Considering that the control an individual can work out over ways production is never absolute so when a known matter of fact fluctuates extensively using ever-changing organic and personal environment, "capitalism" is a tremendously loose term which covers a host of really different financial systems. An implication of this standard idea of individual control is that the person will get a handle on production inside the own passions. The ideological counterpart to the truth is the thought of "profit," in the same way the ideological counterpart towards the control is the misconception of "private home" and "free enterprise." -- M.B.M.
In that scheme the rise and growth of capitalism was considered to be a necessary preliminary to social revolution, and it was thought that Russia had hardly entered that stage: therefore it was not ripe for a social upheaval.