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

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 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 »

What economic system is used in the USA?

The United States is a market-oriented economy. According to Auburn University's "Glossary of Political Terms," a market economy is one that is regulated by the laws of supply and demand, rather th... 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 »