The National Interstate and Defense Highways Act (Also known as Federal Highway Act of 1956), authorized the building of highways throughout the nation, which would be the biggest public works project in the nation's history.
Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.
Definition of Capitalism. There are many different types of economic systems that regulate how people operate and profit from business, including capitalism, communism, and socialism. This lesson focuses on capitalism.Capitalism is an economic system in which the means of production of goods or services are privately owned and operated for a profit. In capitalism, individuals are given the freedom to operate their business as they want and manage their own income.efinition of Capitalism. There are many different types of economic systems that regulate how people operate and profit from business, including capitalism, communism, and socialism. This lesson focuses on capitalism.