Capitalist Democracy
Definition
A capitalist democracy is a form of government where the power is vested in the people, who rule either directly or through freely elected representatives, and the economy operates on principles of supply and demand.
Related terms
Free Market Economy: An economic system where prices for goods and services are determined by open market and consumers. It's one of the key aspects of capitalism.
Representative Democracy: A type of democracy where citizens elect officials to represent their interests and make decisions on their behalf.
Private Property Rights: The legal rights to acquire, own, sell and transfer property. This concept is fundamental in capitalist economies.
"Capitalist Democracy" appears in:
Subjects (1)
AP World History: Modern
Study guides (1)
AP European History - 9.1 Context of the Cold War and Contemporary Europe
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About Us
About Fiveable
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Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.