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.
An economic system based on private ownership of the means of production and their operation for profit.
A socio-economic system based on private ownership of resources or capital.
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.
The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.
The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.