In capitalism, the economy is dominated by capitalist. Or it is called a capitalist
economy. In capitalist economy, the private sectors are the leading partner to take
part in the production process. The participation by the government in the
production sector is very minor or negligible. Entrepreneurs and the capitalist are
about the same. Or entrepreneurs are often termed as capitalist. Therefore, the rule
of capitalist is of many fold including the employment of various human and non-
human resource and labor for the production of goods and services. The
supplementary and the complementary factors of labor are technology innovation
and the scientific advancement. Capitalists are major rule player who are
encouraged to maximize their economic effort by the government. The major role
of the government is to collect tax and non-tax revenue and to safe-guard the
security of the nation. The essential public function of government is to furnish the
health care, education, national defense, domestic law and order, Judiciary and the
infrastructural development and maintenance etc. Infrastructural development
includes the construction of roads, bridge, culvert, river-flow, irrigation facilities,
exploration and maintenance of mineral resources including gas, electricity, coal-
mine and the related others. After taking all these to a certain extent the
government hand these over to private sector for the proper utilization in relation to
economic and human development.
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