Capitalism
/ˈkæpɪtəˌlɪzəm/
Definitions
- (n.) An economic system characterized by private ownership of the means of production and operation for profit, influencing legal frameworks on property, contracts, and regulations.
The country's legal system supports capitalism by enforcing property rights and contractual obligations.
Forms
- capitalism
Related terms
See also
Commentary
Capitalism as a legal term often relates to the regulatory environment governing businesses and private property rather than the economic theory alone.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.