Capitalism Definition & Meaning - Merriam-Webster

Capitalism Definition & Meaning - Merriam-Webster capitalism Capitalism affords economic freedom, consumer choice, and economic growth Socialism, which is an economy controlled by the state and planned by a central capitalism Capitalism is an economic system based on the private ownership of the means of production and their operation for profit Central characteristics of

capitalism Capitalism is an economic system in which profit-driven private actors, rather than the government, control economic activity The laws of supply and demand

capitalism KEY points · The United States is often seen as having a democratic capitalist political-economic system · The three pillars of democratic capitalism include Capitalism is an economic system that encourages the private accumulation of profit and involves little government intervention