Capitalism vs. Democracy

Capitalismnoun

(politics) A socio-economic system based on private ownership of resources or capital.

Capitalismnoun

(economics) An economic system based on private ownership of the means of production and their operation for profit.

Capitalismnoun

A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

Capitalismnoun

An economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.

Capitalismnoun

An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.

Capitalismnoun

an economic system based on private ownership of capital

Capitalism

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.

Democracynoun

(uncountable) Rule by the people, especially as a form of government; either directly or through elected representatives (representative democracy).

Democracynoun

A government under the direct or representative rule of the people of its jurisdiction.

Democracynoun

(uncountable) Belief in political freedom and equality; the "spirit of democracy".

Democracynoun

Government by the people; a form of government in which the supreme power is retained and directly exercised by the people.

Democracynoun

Government by popular representation; a form of government in which the supreme power is retained by the people, but is indirectly exercised through a system of representation and delegated authority periodically renewed; a constitutional representative government; a republic.

Democracynoun

Collectively, the people, regarded as the source of government.

Democracynoun

The principles and policy of the Democratic party, so called.

Democracynoun

the political orientation of those who favor government by the people or by their elected representatives

Democracynoun

a political system in which the supreme power lies in a body of citizens who can elect people to represent them

Democracynoun

the doctrine that the numerical majority of an organized group can make decisions binding on the whole group

Democracy

Democracy (Greek: δημοκρατία, dēmokratiā, from dēmos 'people' and kratos 'rule') refers to a form of government in which the people either have the authority to choose their governing legislators, or the authority to decide on legislation. Who is considered part of the people and how authority is shared among or delegated by the people has changed over time and at different speeds in different countries, but more and more of the inhabitants of countries have generally been included.