Capitalism

“A form of social and economic organization, typified by the predominant role played by capital in the economic production process, and by the existence of extensive markets by which the production, distribution, and consumption of goods and services (including labor) is organized.” (Edgar and Sedgwick 36).

 

Return to Words to Know

Share your thoughts

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s