What do you mean by capitalism or capitalistic Economic

Meaning and definition of capitalism

in a capitalism economics house all and firm are the basic production unit of capitalistic system is also cannot as free enterprise economic and market economy it is characterized by the private partnership of the means of production individual decision and the use of the market mechanism to carry out the decision of individual participants and facility the flow of goods and services is market...

characteristic of capitalism

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

private ownership factor of production

Land and Labour and capital are privately around the production accurate private initiative individual have their property rights protected and the usually free to use their property as their like and as long as they do not in firing on the legal property rights of others...

what are the merits and demerits of capitalism

people enjoy full economic freedom under capital with the entrepreneurs the consumer the workers and the owner of capital are all free to do work as they like to fulfill their needs and Warren division makes capitalism democratic..