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Q.

What is the true meaning of Capitalism?

Asked by sumeet, 04 Jun '08 10:40 pm
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Answers (4)

1.

Its an economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.
Answered by Joseph Chacko, 05 Jun '08 02:00 am

 
  
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2.

It is important to define "Capitalism" correctly because a proper definition is a prerequisite to a proper defense. Capitalism is the only moral political system because it is the only system dedicated to the protection of rights, which is a requirement for human survival and flourishing. This is the only proper role of a government. Capitalism should be defended vigorously on a moral basis, not an economic or utilitarian basis.
Answered by anil garg, 03 Sep '12 11:14 pm

 
  
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3.

Dictionary: capitalism

An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

Investment Dictionary: Capitalism

An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.

Financial & Investment Dictionary: Capitalism
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Answered by DRSiva, 05 Jun '08 09:34 am

 
  
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4.

Capitalism is an economic system in which all property is owned by either private individuals or a corporation. Private ownership is sometimes used as a synonym for individual ownership, however the term "private" may also be used to refer to collective ownership of individuals in the form of corporate ownership.
Answered by samron jude, 04 Jun '08 10:40 pm

 
  
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