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capitalism |
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capitalismEconomic 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The award is given to an individual who promotes the free enterprise system and who supports the ideas of smaller government, lower taxes and less regulation. NRCC Chairman Tom Reynolds said the award is given to a select group of business and community leaders from each state who have championed the free enterprise system and supported the ideals of smaller government, lower taxes and less regulation. Yet, our free enterprise system works well when there is balance of power between the board and management. |
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