Political Dictionary Ca to Cl cabinet - an advisory committee to a president or prime minister, formed by the heads of government departments. Also refers to the most dedicated members of a political party. The term derives from the title taken by the successors of Mohammed, the founder of Islam.
Capital is one of the three main factors of production, the others being land and labor.
Capitalism - an economic system in which the means of production, such as land and factories, are privately owned and operated for profit. Usually ownership is concentrated in the hands of a small number of people. Capitalism, which developed during the Industrial Revolution, is associated with free enterprise, although in practice even capitalist societies have government regulations for business, to prevent monopolies and to cushion domestic industries from foreign competition. Opponents of capitalism say that the economy should be organized to serve the public good, not private profit. Supporters say capitalism creates wealth, which creates jobs, which create prosperity for everyone.