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Basically an economic system where anyone can start their own business for their own profit. As compared to communism where the state tells you what your job will be.
Capitalism is an economic system whereby the government favours individual business achievement over social policy.
What else can I help you with?
What is a short definition of capitalism?
Capitalism is an economic system characterized by private ownership of the means of production and the pursuit of profit. In this system, goods and services are produced for exchange in a competitive marketplace, with prices determined by supply and demand. Capitalism emphasizes individual entrepreneurship and minimal government intervention in economic activities.
What is the correct description for capitalism?
Capitalism is when the people/public own and operate most businesses and own land. the united states is a capitalist country. i am a 7th grade student and we just learned about this in geography! that is the definition we got! hope this helped!
What type of economic system do individuals own most of the businesses?
Capitalism
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
What is capitalism in a sentence?
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
What is energy kid friendly definition?
A kid friendly definition of the word energy is, the ability to do work.
What is a kid friendly definition of conflict?
a kid friendly definition would be two or more people that disagree on something and are not getting along.
What is a kid friendly definition of editing?
changing
What is a kid friendly definition of challenge?
competition
What is a kid friendly definition of disease?
A kid friendly definition of disease would be "a very serious sickness a person/people could catch or already have from their parents.
What is a kid friendly definition of involuntary?
Something that someone has to do.
What is the Child definition of the pope?
A kid friendly definition would be - The head of the Catholic Church.
What is a good kid-friendly definition for ultimatums?
A final urgent demand.
What is a kid friendly definition of the word focus?
look at me, pay attention
What is a kid friendly definition of resolution?
A course of action determined or decided on.
What is a kid friendly definition of responsible?
reliable, mature, honest, answerable, dutiful
What is a kid friendly definition for sabotage?
there is absolutely no way to make a 3rd grade or under definition of the word sabotage
