2006-12-13 17:58:08 · 5 answers · asked by jayjo333 1 in Social Science ➔ Economics
The economic system in which 'provision of goods and services' is arranged by individual companies and compete in free market with minimum governemnt intervention.
E.g. The U S of A.
2006-12-13 18:00:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Capitalism generally refers to an economic system in which the means of production are mostly privately or corporately owned and operated for profit, in which investment is determined by private decision, and in which distribution, production and pricing of goods and services are determined in a largely free market. It is usually considered to involve the right of individuals and groups of individuals acting as "legal persons" or corporations to trade capital goods, labor and money in a free market
2006-12-14 03:37:25 · answer #2 · answered by ronkeslim 3 · 0⤊ 0⤋
http://en.wikipedia.org/wiki/Capitalism
2006-12-14 02:01:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
http://www.capitalism.org/
Try this.
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It is also the economic system that computer technology and the Internet came from.
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2006-12-14 08:18:30 · answer #4 · answered by Zak 5 · 0⤊ 0⤋
aka MARKET ECONOMY
2006-12-14 04:50:52 · answer #5 · answered by i'm glamorous 2 · 0⤊ 0⤋