What is a capitalist economic system?

Answer Economic systems determine how goods and services are produced and distributed within a society. The government of each nation decides what type of economic system to follow. Capitalism is one of t... Read More »

Top Q&A For: What is a capitalist economic system

What is the economic system in ethiopia: socialist or capitalist?

Ethiopia is a socialist economy on paper because the government owns all the land, from farms to homes and factories. However, this restriction has led to a large, informal economy based on barter ... Read More »

Which kind of economic system does a capitalist country have?

Capitalist societies have laissez-faire economic policies; this term broadly translates from the French phrase "leave it alone." The laissez-faire system discourages excessive state intervention in... Read More »

What is the U.S. economic system?

The U.S. economic system is the largest in the world as of 2009, with a gross domestic product of roughly $14.2 trillion. Much of this success lies in its limited control of the private sector, pro... Read More »

What is Brazil's economic system?

Like with many countries, Brazil's economic system blends market and socialist characteristics. Brazil has experienced enormous economic growth in the early 21st century, but poverty and political ... Read More »