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Author:Rhee, Y.
Title:Functional linkage between democracy and market in capitalist systems
Journal:Systems Research and Behavioral Science
1997 : NOV-DEC, VOL. 14:6, p. 385-392
Index terms:DEMOCRACY
CAPITALIST ECONOMIC SYSTEM
MARKETS
Language:eng
Abstract:Modern democracy has existed only in countries with economic systems in which production and distribution are mainly carried on by privately owned enterprises that are strongly oriented toward markets. Though not all capitalist countries are or have been democratic, all democratic countries have had capitalist economies. It is assumed that the degree to which the economy is market oriented mediates the relationship between capitalism and democracy.
SCIMA record nr: 169893
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