Capitalism
Capitalism is a market economy characterized by the principles of free trade, competition and choice, and noninterference by government.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Capitalism. A market economy characterized by the principles of free trade, competition and choice, and noninterference by government.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
