A capitalist economy is characterized by private ownership of means of production, profit-making, and competition. Antonyms for this term could be socialist economy, communist economy, or command economy, where the means of production are owned and controlled by the state. In these systems, the government operates according to a plan designed to achieve certain goals, often focused on equality and fairness, rather than the pursuit of profit. Another antonym could be a cooperative economy, where individuals and/or organizations work together to produce and distribute goods and services, rather than relying on competition and the profit motive. In such an economy, decision-making power and ownership of the means of production are shared among members.

What are the antonyms for Capitalist economy?

• n.

  • noun
  • socialism
  ,
  • socialist economy
  .

Famous quotes with Capitalist economy

• My claim is that we do not have a market economy, but a capitalist economy.

  David Korten
• Workers do not strike every day, they cannot do that the way they function in the capitalist economy. The way they have to live by selling their labor power makes that impossible.

  Ernest Mandel
• Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

  Ludwig von Mises
• Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

  Ludwig Mises
• We live in a capitalist economy, and I have no particular objection to honorable self-interest. We cannot hope to make the needed, drastic improvement in primary and secondary education without a dramatic restructuring of salaries. In my opinion, you cannot pay a good teacher enough money to recompense the value of talent applied to the education of young children. I teach an hour or two a day to tolerably well-behaved near-adults—and I come home exhausted. By what possible argument are my services worth more in salary than those of a secondary-school teacher with six classes a day, little prestige, less support, massive problems of discipline, and a fundamental role in shaping minds. (In comparison, I only tinker with intellects already largely formed.)

  Stephen Jay Gould

The Public Health Service US is a healthcare organization that aims to improve the health and well-being of Americans. However, there are some antonyms that can be associated with ...