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capitalism
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capitalism

Economic system in which the principal means of production, distribution, and exchange are in private (individual or corporate) hands and competitively operated for profit. A mixed economy combines the private enterprise of capitalism and a degree of state monopoly, as in nationalized industries and welfare services.

Most capitalist economies are actually mixed economies, but some (such as the US and Japanese) have a greater share of the economy devoted to free enterprise.



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Each night, as I conclude my nightly broadcast on CNN, I have the gut-sick feeling that we have chronicled another twenty-four hours in the decline of our great democratic republic and the bankrupting of our free enterprise economy.
TV commentator warns against the war on the middle class by McManus, John F. / The New American
In a free enterprise economy, economic forces flow from ownership of human and other resources.
The key to black wealth: ownership; black poverty is more a matter of ... by Swinton, David / Black Enterprise
Today Jamestown is celebrated as the wellspring of modern America because it had representative government, a free enterprise economy and culturally diverse population.
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