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General Category => General Discussion => Topic started by: The One and Only Mo on September 17, 2009, 11:01:54 AM

Title: Capitalism
Post by: The One and Only Mo on September 17, 2009, 11:01:54 AM

What is the exact definition?

Title: Re: Capitalism
Post by: Americanhero1 on September 17, 2009, 11:48:37 AM

http://en.wikipedia.org/wiki/Capitalism

Title: Re: Capitalism
Post by: The One and Only Mo on September 17, 2009, 11:57:06 AM

Quote from: Americanhero on September 17, 2009, 11:48:37 AM

http://en.wikipedia.org/wiki/Capitalism

Yes, that is what confused me.

Title: Re: Capitalism
Post by: Americanhero1 on September 17, 2009, 12:01:11 PM

Main Entry: cap·i·tal·ism
Pronunciation: \ˈka-pə-tə-ˌliz-əm, ˈkap-tə-, British also kə-ˈpi-tə-\
Function: noun
Date: 1877
: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
http://www.merriam-webster.com/dictionary/capitalism