Easy Definition Of Capitalism

An example of capitalism is the prison system in the united states being operated by private companies.

Easy definition of capitalism. Goods are usually made by companies and sold for profit. An economic political and social system in which property business and industry are. 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 definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits.

Capitalism is an economic system. Most property for example is owned by people or companies not by the government or by the workers. In it the government plays a secondary role. Capitalism definition 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.

The means of production are largely or entirely privately owned and operated for profit. Capitalism has a more or less free market economy which means that prices move up or down acc.