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Capitalism - Wikipedia

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Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit.[a] This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.[b] Capitalist economies tend to experience a business cycle of economic growth followed by recessions.[13] Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership,[14] obstacles to free competition, and state-sanctioned social policies. The degree of c

Capitalism - Wikipedia Jump to content Checked From Wikipedia, the free encyclopedia This is the latest accepted revision , reviewed on 22 July 2026 . Economic system based on private ownership This article is about an economic system. For other uses, see Capitalism (disambiguation) . "Capitalist" redirects here. For other uses, see Capitalist (disambiguation) . Part of a series on Capitalism Concepts Austerity Business cycle Capital Capital accumulation Capital markets Company Corporation Competition law Definitions Economic interventionism Economic liberalism Economic liberalization Economic

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