Capitalist economy

Definition of Capitalist economy

An Economics system where trade industry and the means of production are largely or entirely governed by and operated for profit is defined as capitalist economy. The production of goods and services is determined by the supply and demand chain in the general market (market economy), not by planned economy or through central planning.

Books on Capitalist economy

Book 1 –

Capitalism: The Unknown Ideal By Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (published by Penguin, 1986)

Book 2 –

Capitalism: With a New Postscript on the Financial Crisis and Its Aftermath By Geoffrey Ingham (published by Polity, 2008)

How Capitalist economy works?

There are many countries that are employing capitalism in their economics system, for example,

Canada, United States, United Kingdom, Australia, New Zealand, Austria, Ireland, Sweden, Switzerland, Israel, Japan, South Korea, Norway, Bermuda, Iceland, Denmark, San Marino, Belgium, Netherlands, Finland, Slovakia, Hong Kong, Singapore, Chile, Estonia, etc.

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