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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.

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paulbenn

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βˆ™ 3y ago
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βˆ™ 14y ago

Market Economy

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βˆ™ 14y ago

Free Market

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Q: Capitalism is another term for a what economic system?
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What is another term for a market economic system?

Capitalism


Another term for a market economic system is?

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Whichof the following is another term for a free-market system?

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Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.


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Socialist system


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command economy


What is the capitalism view on globalization?

Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.