CAPITALISM:
an economic system which presupposes private property in the means of
production; a market economy; and the division of labor. It is often referred to as
"free enterprise" or "the market system." According to MARXISM,
capitalism is a transitional stage of human HISTORY leading to the communist SOCIETY of
the future. WEBER suggested that democracy in its purest FORM can only occur in a
capitalist society and that there is a complex relationship between capitalism and
RELIGION, particularly CALVINISM.
