Capitalism is a type of economic system. Learn about its characteristics and its role in the Canadian economy in the MoneySense Glossary.
Capitalism is an economic system in which private individuals and businesses own and control the means of production. Resource allocation and the prices of goods and services are based on supply and demand (the “free market”), and profit is the key motive. Contrast that to socialist economies, in which the state owns the means of production, manages economic planning, and distributes wealth and resources.
Example: “Many countries, including Canada, have mixed economies with both capitalist and socialist elements.”
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
There are five factors in deciding the timing of retirement—plus a sixth factor that isn’t important even though many...
Money and happiness have a complex relationship. Income provides, but experiences, treats and giving make us all happy, so...
When you have the choice for withdrawals, it makes sense to look at the pros and cons of taking...
Stats show that many high-performing women leave money decisions to their partners—why is that?
Taking some time away to travel the world can have many benefits. Here are some ideas and saving strategies...
We’ve graded the largest, most liquid Canadian dividend stocks based on yield, stability and value. To earn top marks,...
Use this ranking as a tool to help you identify the companies that offer the best investment potential now,...
A-grade stocks represent our top picks—and, reflecting a challenging set of market conditions, they’re scarcer than usual. But there...
