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A socio-economic system based on the ownership of the means of production (land, factories, offices, raw materials etc) by a small number of capitalists. The vast majority of people have to work for a wage in order to survive, and are employed by a capitalist company. Goods and services are produced for the sake of profit, with the principle being ‘no profit - no production’,

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Obie Ondricka

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2y ago
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paulbenn

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2y ago

A socio-economic system based on the ownership of the means of production (land, factories, offices, raw materials etc) by a small number of capitalists. The vast majority of people have to work for a wage in order to survive, and are employed by a capitalist company. Goods and services are produced for the sake of profit, with the principle being ‘no profit - no production’,

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6y ago

The Merriam-Webster dictionary describes capitalism as "an economic system characterized by private or corporate ownership of capital goods; and by prices, production and distribution of goods that are determined mainly by competition in a free market." It is interesting to note that the word "capitalist" (derived from "capitalism") used to be a synonym for a businessman or a business owner-- one who owned, produced, or invested in goods, and set the prices for them.

There are three basic economic systems: one in which "labor" is the primary factor of production, which is called slavery; one in which "land" is the primary factor of production, which is called feudalism. And finally, the economic system where capital is the primary factor of production, which is called capitalism. Capital is wealth used in the production of still more wealth. By protecting private ownership of wealth, the United States Constitution has greatly enabled capitalism to evolve.

The distribution of wealth in a capitalist system is best accomplished through the "free market". The "free market" discovers prices through arbitrage (defined as: the purchase and sale of securities in different markets, to profit from price discrepancies). The exchange of wealth in a "free market" system is voluntary, and it is made by individual decision. It should be noted that critics say there is often no "free market" because elites are able to manipulate the system to keep certain people excluded and to give greater advantage to themselves. They use as an example financial scandals of the past few years or the manipulation of the LIBOR in England.

There are various different policies that can be employed to distribute the wealth produced by a capitalist economic system. The most notable is known as "social democracy", which involves shared administration of capital between the government and private owners in the form of corporatism or collective bargaining. It is sometimes characterized by government regulations alongside government provision of public goods and social insurance.

The strongest critique of capitalism was made by Karl Marx. Marx's analysis was that capitalism would stagnate due to internal contradictions, and that the successor to capitalism would be a system where all factors of production be held in common. As a transition between capitalism and this new system, he called for the "Dictatorship of the Proletariat" in place of the "Dictatorship of the Bourgousise" as the form of government to oversee the transition from capitalism to socialism. A twisted hybrid of capitalism and socialism. Taking the worse from both systems and creating a politically driven economy. Politians make laws for cooperations and the cooperations fund their campaigns and fill their pockets.

Consumer finance is the division of retail banking that deals with lending money to consumers. This includes a variety of loans such as mortgage loans, credit cards and auto loans. This consumer finance is the only way to avail to those individual who cannot avail from any bank loans thus it has a higher percentage of interest. To carefully manage your finances please connect us at quityfactory.com.au for more updates.


Capitalism means privatization of small and large companies. Example: why is capitalism so effective?
Capitalism is the mind-set of every man should work for himself.

A basic economical system that is controlled mostly bye private corporations, businesses and a open and free environment of trade market; and basic ideals.

Basicly the idea that everyone is free to do what they want; and run there own businesses and make there own money bye there own means. With no assistance from others; being it's counterpart: socialism.

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7y ago

The word capital is another word for money; or the machines, tools, and buildings used in the production of goods and services

"A capital" can be a capital letter (upper case).

"A capital" is also a city that is the seat of government for a nation or state, or sometimes smaller government divisions.

A+man-made goods used in the process of producing other goods

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15y ago

Pure capitalism is simply the power of capital over all else. Or to put it simply a system of dog eat dog. It is doubtful whether a system of capitalism will ever be able to come into being because it takes no responsibility for anything but its own well being. capitalism is anarchic in nature .

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14y ago

Turning something into (a) capital; this covers all of its common usages, including turning a letter into uppercase, making the most of an opportunity, and making a place the capital of its region.

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8y ago

To run any kind of business activity, you'll need things. These things aren't the same as B2B, truly include equipment, tools, equipment for your office, automobiles, computer systems, etc. These assets are bought with cash. Cash is usually known as capital.

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7y ago

Capital is any monetary wealth (cash, stocks, loans, etc.) or machines (computers, assembly-line machines, lawnmowers, etc.) used to produce goods and services. This is contrasted with labor, which is any human input to the production of good and services.

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6y ago

the act or process of captalizing
Making letters capital.

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9y ago

The word capital can mean a few things. Capital can be the name of a credit card or the name of a city.

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Q: What is capitalization?
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