Scroll Top




    Capitalism, an economic system, is based on the means of production being privately owned and operated for profit. The key features of capitalism are private property, capital accumulation, wage labour, free trade, a price structure, and competitive markets.

    In a capitalist economy, investment and decision-making are decided by each owner of money, property, or productive capacity on financial and capital markets. At the same time, prices and the distribution of goods and services are determined primarily by competition on the markets of goods and services.

    Understanding Capitalism

    Economists, political economists, sociologists, and historians have taken on different perspectives in their analysis of capitalism and in practice have recognized different forms of it. These include capitalistic free-market, welfare capitalism, and state capitalism.

    Various types of capitalism involve varying degrees of free markets, public ownership, barriers to free competition, and state-sanctioned social policies. The degree of market competition, the role of intervention, regulation, and the scope of state ownership vary across different capitalist models.

    The degree to which different markets are available, and the laws governing private property are legal and governance considerations. Most of the current capitalist economies are mixed economies that combine free-market features with state intervention and economic planning in some cases.

    History of Capitalism

    Capitalism, in its modern form, can be traced back to the emergence of agrarian capitalism and mercantilism in the early age. Capital has incipiently existed on a small scale for centuries in the form of merchants, renting and lending, and occasionally as small-scale industry with some wage labour.

    The simple exchange of commodities, and consequently simple production of commodities, which is the initial basis for capital growth from trade, has a very long history.

    Few of capitalist countries are Hong Kong, Singapore, New Zealand, Switzerland, Australia, Canada, United Arab Emirates, Ireland, Chile, Taiwan, United Kingdom, Georgia, Luxembourg, The Netherlands, United States, Denmark, Sweden, Iceland, South Korea, Finland, and Norway.

    Popular Topics

    Latest Articles

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use


    ISO 27001

    Data Center


    SSL Certified Site

    128-bit encryption