Capitalist democracy is a form of government where political power is exercised through elected representatives and economic power is held by private individuals or corporations within a free-market system.
Free Market: An economic system based on supply and demand with little or no government control.
Private Property: A legal designation for ownership of property by non-governmental legal entities.
Representative Democracy: A type of democracy founded on the principle of elected officials representing a group of people, as opposed to direct democracy.
AP European History
AP World History: Modern - 8.2 The Cold War
Study guides for the entire semester
200k practice questions
Glossary of 50k key terms - memorize important vocab
About Fiveable
Blog
Careers
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
About Fiveable
Blog
Careers
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
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.