Definition for Difference between revisions of "Capitalism"
From Biology Forums Dictionary
(Created page with "An economic doctrine that opposes any form of government intervention in the economic sector. It is also known as laissez-faire capitalism.") |
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| − | An economic doctrine that opposes any form of government intervention in the economic sector. It is also known as laissez-faire capitalism. | + | 1. An economic doctrine that opposes any form of government intervention in the economic sector. It is also known as laissez-faire capitalism. |
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| + | 2. The economic and social system in which markets and production for profit are the primary (but not only) means of organizing resources. Ownership of private property is a key institutional characteristic. | ||
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| + | [[Category:Economics]] | ||
Latest revision as of 20:34, 21 November 2017
1. An economic doctrine that opposes any form of government intervention in the economic sector. It is also known as laissez-faire capitalism.
2. The economic and social system in which markets and production for profit are the primary (but not only) means of organizing resources. Ownership of private property is a key institutional characteristic.