Philippine Star | Bridging Capitalism and Inclusion

By Ma. Aurora Geotina-Garcia

The Oxford English Dictionary defines capitalism as “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.” Similarly, Webster’s Dictionary refers to capitalism as “an economic system where there is private or corporate ownership of capital goods, investments are determined by private decision, and prices, production, and the distribution of goods are determined mainly by competition in a free market.”

Read the full article on the Philippine Star’s website.

Related Articles

Receive the latest news

Get the best of the council in your inbox

Become part of the inclusive capitalism community. Join our monthly mailing list to receive: