Capitalism: Difference between revisions
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'''Capitalism''' is an [[economics|economic]] system based on the private ownership of resources and industry (as opposed to state ownership) for the purpose of profit. It is the | '''Capitalism''' is an [[economics|economic]] system based on the private ownership of resources and industry (as opposed to state ownership) for the purpose of profit. It evolved from the earlier market economic model of [[mercantilism]]; capitalism is differentiated by the use of [[common stock]] and other securities to generate [[capital]]. | ||
Latest revision as of 23:10, 20 March 2009
Capitalism is an economic system based on the private ownership of resources and industry (as opposed to state ownership) for the purpose of profit. It evolved from the earlier market economic model of mercantilism; capitalism is differentiated by the use of common stock and other securities to generate capital.