What is capitalism?

Question

What is the meaning of capitalism

Answer 1

Capitalism is a political and economic system in which all or most means of production and distribution are owned and controlled by private individuals.

Answer 2

Capitalism is an economic system based on private ownership of the means of production, where individuals and businesses operate for profit and compete in free markets, with limited government intervention.

Answer 3

Capitalism is an economic system characterized by the private ownership of the means of production, profit-making through the sale of goods and services, and competition in the marketplace. It is driven by the pursuit of profit and encourages individuals and businesses to invest in and innovate to increase their earnings.

Answer 4

Capitalism is an economic system where the means of production and distribution are privately owned and operated for profit in a competitive market. The pricing of goods and services is determined by supply and demand, and individuals are incentivized to pursue self-interest through profit-seeking.