Description
Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism
include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.In a capitalist market economy, decision-making and
investment is determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by
competition in the market.
include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.In a capitalist market economy, decision-making and
investment is determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by
competition in the market.
Old Versions
- 10/29/2020: Capitalism History 2.4
- Report a new version
- App Name: Capitalism History
- Category: Books & Reference
- App Code: com.historyisfun.capitalismhistory
- Version: 2.4
- Requirement: 4.0.3 or higher
- File Size : 5.3 MB
- Updated: 2020-10-29
