Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.
market system
Market system
CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.
Capitalism
Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.
Capitalism
le libre-échange
Another term for a free enterprise system is often one called a free market economy. However, with that said, most economies are mixed economies. This blends a degree of government regulation within a private ownership economy. A common error is to use the term "capitalism". This exists nowhere.
capitalism
democracy
capitalism
Capitalism is an economic system where goods and services are produced for sale at a profit; the vast majority have to work for wages; a tiny minority own the means of production and exploit those who produce the wealth.