Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a
market economy—rather than through central planning—known as a planned economy or
command economy.
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Capitalism Definitionism Growth of Industrial Capitalism Industrial Capitalism's Effects Capitalism and Economic Growth Capitalism vs. Socialism Mixed System vs. Pure Capitalism Crony Capitalism What Is Capitalism? <span>Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at Summary
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