Definition Of Us Capitalism

An economic system in which investment in and ownership of the means of production distribution and exchange of wealth is made and maintained chiefly by private individuals or corporations especially as contrasted to cooperatively or state owned means of wealth. Capitalism refers to an economic system in which a society s means of production are held by private individuals or organizations not the government and where products prices and the distribution of goods are determined mainly by competition in a free market. The four factors are entrepreneurship capital goods natural resources and labor.

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An economic political and social system in which property business and industry are.

Definition of us capitalism. Capitalism is an economic system where private entities own the factors of production. The owners of capital goods natural resources and entrepreneurship exercise control through companies.

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