define democracy , capitalism
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Democratic capitalism, also referred to as market democracy, is a political and economic system that combines capitalism and strong social policies. ... These policies are enacted in a capitalist economy characterized by the right to private ownership of productive property.
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- Democracy (Greek: δημοκρατία, dēmokratiā, from dēmos 'people' and kratos 'rule') is a form of government in which the people have the authority to choose their governing legislators. ... In a direct democracy, the people directly deliberate and decide on legislation.
- Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
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- Democratic capitalism
- Democratic capitalismPolitical ideology
- Democratic capitalismPolitical ideologyDemocratic capitalism, also referred to as market democracy, is a political and economic system that combines capitalism and strong social policies. It integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement.
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