Democratic capitalism
Encyclopedia : D : DE : DEM : Democratic capitalism
Democratic Capitalism is an economic ideology based on a tripartite arrangement of a market-based economy based predominantly on economic incentives through free markets, a democratic polity and a liberal moral-cultural system which encourages pluralism.
This economic system supports a mainly capitalist market economy, with some limitations (i.e. regulations) created according to the will of the public (which is expressed through a democratic process).
The United States is notable in using Democratic Capitalism as its economic-political system. Both the Democratic and Republican Parties of the United States subscribe to this (little-"d" and "r") democratic-republican philosophy.
Most liberals and conservatives generally support some form of Democratic Capitalism in their economic practices.
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