Concept information
Preferred term
capitalism and democracy
Definition
- Capitalism is a system of exchange that depends on the economic freedoms to own private property and to buy, sell, and invest the property as one wishes. Unless people can own and exchange property without worrying that a central authority will confiscate it, they will have little incentive to save and invest. [Source: The Encyclopedia of Political Science; Capitalism and Democracy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/capitalism_and_democracy
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