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capitalist economy

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.capitalist economycapitalist economy - an economic system based on private ownership of capital
venture capitalism - capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large
free enterprise, laissez-faire economy, market economy, private enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices


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Written by Professor of Business Ethics (Haas School of Business) David Vogel, The Market for Virtue: The Potential and Limits of Corporate Social Responsibility is a scholarly examination of a politically charged and highly polarized debate concerning what corporate social responsibility can, cannot, and must accomplish in a modern capitalist economy.
It is what our entire capitalist economy is based upon.
As he points out, the new capitalist economy created social problems not previously faced in American society.
 
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