What is meant by the capitalist?
1 : a person who has capital especially invested in business industrial capitalists broadly : a person of wealth : plutocrat Charitable organizations often seek help from capitalists. 2 : a person who favors capitalism. capitalist. adjective. variants: or capitalistic \ ˌka-pə-tə-ˈli-stik , ˌkap-tə- \
What is a capitalistic society?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
What is the meaning of germanium?
Definition of germanium : a grayish-white hard brittle metalloid element that resembles silicon and is used especially in optical and semiconductor materials and as a catalyst — see Chemical Elements Table Examples of germanium in a Sentence
What is capitalism?
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
What are the characteristics of a capitalist economy?
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include private property and the recognition of property rights, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
When was capitalism first used in history?
The first known use of capitalism was in 1833. Financial Definition of capitalism. Capitalism is an economic and social system in which participants privately own the means of production — called capital. Free market competition, not a central government or regulating body, dictates production levels and prices.