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Capatilism is an economic system founded on the production of private enterprise.
The government's involvement is minimal.
The system in which is operates is the "free market" in which you'll see the concepts of supply, demand, price, distribution, and investment.
Wiki User
∙ 13y ago
paulbenn
An economic system where the means of production are owned by a tiny minority , the capitalist class. Most people have to work for a wage in order to live, and are members of the working class. Goods and services are produced for sale. There is a state that defends the interests of the capitalists. Results include poverty, exploitation and inequality.
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Do people use capitalsm is Ireland?
Ireland is a capitalist country.
Why capitalsm and wealth?
Because of the free market economy that it may have. However, your question is a bit biased because someone supporting communist economies may say that that system carries wealth and not just capitalism. The two systems have been 'fighting' each other for many years and each time a system (like in a credit crunch) demands that it has the best possibilities for the people of making use of it. So some say capitalism and wealth and other say communism and wealth because each time a system proves itself.
What are three main economic systems in the world today?
The three primary economic systems are:1. Capitalist economies where the modes of production are carried out by the owners of the means of production (eg. the USA, the UK, Japan, Australia etc.)2. Socialist economies where the modes of production are run by the State or the Central authority (eg, Russia, PRC, Cuba etc.)3. Mixed economies where there is a mix of the above two processes (eg. India).
