Capitalism

Capitalism
an economic system in which all or most of the means of production are privately owned and operated (usually through employing wage labour, and for profit), and in which the investment of capital and the production, distribution and prices of commodities and services are determined mainly in a free market. Capitalism has also been called laissez-faire economy, free mark economy, free enterprise system, economic liberalism, and economic individualism.
• Anarcho-capitalism - a philosophy based on the idea of individual sovereignty, and a prohibition against initiatory coercion and fraud. It sees the only just basis for law as arising from private property norms and an unlimited right of contract between sovereign individuals. From this basis, anarcho-capitalism rejects the state as an unjustified monopolist and aggressor against sovereign individuals, and embraces anti-statist laissez-faire capitalism. Anarcho-capitalists would aim to protect individual liberty and property by replacing a government monopoly, which is involuntarily funded through taxation, with private, competing businesses.

Mini philosophy glossary . 2014.

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Look at other dictionaries:

  • Capitalism — capitalism …   Dictionary of sociology

  • capitalism — cap‧i‧tal‧is‧m [ˈkæptl ɪzm] noun [uncountable] ECONOMICS a system of production and trade based on property and wealth being owned by private business and ordinary people, rather than the state: • Sweden s middle way between communism and… …   Financial and business terms

  • capitalism — CAPITALÍSM s.n. Sistem politico economic care se întemeiază pe proprietatea privată asupra mijloacelor de producţie şi de schimb. – Din fr. capitalisme. Trimis de valeriu, 22.01.2007. Sursa: DEX 98  CAPITALISM MONOPOLÍST s. (EC. pol.)… …   Dicționar Român

  • capitalism — cap i*tal*is m (k[a^]p [i^]*tal*[i^]z m), n. An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with… …   The Collaborative International Dictionary of English

  • capitalism — n. An economic system in which the means of production and distribution are owned and controlled mostly by private individuals and businesses for profit, thus what is produced and the quantities thereof are determined by consumer demand and… …   Law dictionary

  • capitalism — 1854, condition of having capital; from CAPITAL (Cf. capital) + ISM (Cf. ism). Meaning political/economic system which encourages capitalists is recorded by 1877 …   Etymology dictionary

  • capitalism — [n] economic system of private ownership commercialism, competition, democracy, free enterprise, free market, industrialism, laissez faire economics, mercantilism, private enterprise; concepts 299,689,770 Ant. communism …   New thesaurus

  • capitalism — ► NOUN ▪ an economic and political system in which a country s trade and industry are controlled by private owners for profit, rather than by the state. DERIVATIVES capitalist noun & adjective capitalistic adjective …   English terms dictionary

  • capitalism — [kap′ət l iz΄əm] n. 1. an economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitive environment… …   English World dictionary

  • Capitalism — Liberal market economy redirects here. For the ideology behind this economic system, see Economic liberalism. Free enterprise redirects here. For the 1999 film, see Free Enterprise (film). For other uses, see Capitalism (disambiguation). Part of… …   Wikipedia

  • capitalism — A system of wage labour and commodity production for sale, exchange, and profit, rather than for the immediate need of the producers. Plentiful examples of capitalism in the pre modern era exist but, typically, capitalist exchanges were… …   Dictionary of sociology

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