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.
capitalism. 1. An economic system essentially based on the private ownership of the means of production, distribution, and exchange. 2. An economic system in which the means of production are privately owned and producers compete to maximize their profits.n economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.