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Another term for a capitalist system is a Laissez-faire system.

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10y ago

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What another name for economic system?

Capitalist Mixed Economy


What is another name for a capitalist economy?

Another name of capitalism is "communist"


What is a natural regulatory occurrence in a Capitalist system?

natural regulator occurrence in capitalist system


In a capitalist economic system who owns and controls the means of production?

If you're thinking in the Marx context, the term is bourgeoisie.


What is another name for capitalist system?

The terms FREE MARKET ECONOMICS and capitalism are used relatively interchangeably because both refer to a system where business owners make local decisions to produce, sell, and buy various products based on market demand, rather than government demands.


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Form of society where a tiny minority own the means of production, the vast majority have to work for wages in order to survive, and production takes place to make a profit.


Is Venezuela capitalist or socialist?

It’s capitalist: wages system, class ownership, production for profit. And capitalist countries have capitalist governments.


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Sol system.


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What is another term for the free enterprise system?

market system

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