What do you mean by capitalism or capitalistic economy

Meaning and definition of capitalism

in a capitalist economic household and firm are the basic production unit the capital is system is also cannot as free enterprise economic and market economic it is characterized by the private ownership of the mean of production individual market economic is characterized by private ownership of the means of production individual decision making and the use of the market mechanism to carry out of the decision of individual participants facilities the low goods and services market...

definition capitalism is a system

of economic organisation feature by the private ownership and the use for private profit of man made and nature made capital in a pure market economy all product activities are privately avoid or post to be avoid by the state..

characteristic of capitalism

free enterprise the term free enterprise emplies a private form are allowed to obtain resource to organised production and to organised production and to self the result product in any village choose it means that there will not be any government or other artificial on the freedom and ability of the private individual to carry out and business...

private ownership the factor of production

land labour and capital or privately won the production of cure at private initiative individual have their property rights protected and are usually free to use their property as the like and as long as they do not in the legal property right of other..

Limited rule of government

government interference in necessary to ensure some of the essential feature and smooth functioning of the capital is system to define the protect property right in short freedom or anti and with impose agreement among private entrepreneur in show the satisfaction or certain community wants etc..