capitalist economy
C542
concept
A capitalist economy is an economic system in which private individuals and firms own the means of production and operate for profit within markets characterized by voluntary exchange, competition, and price signals.
Observed surface forms (2)
- economic system ×2
- coordinated market economy ×1
Instances (4)
- social market economy via concept surface "economic system"
- Nordic model via concept surface "economic system"
- Rhenish capitalism via concept surface "coordinated market economy"
- West Germany