crony capitalism
Pronunciation
/kɹˈoʊni kˈæpɪɾəlˌɪzəm/

Definition & Meaning of "crony capitalism"in English

Crony capitalism
01

an economic system where success in business is determined by close relationships between businesspeople and government officials, rather than market competition

Grammatical Information
Animacy status
Abstract
Composition
Compound
Uncountable
Examples
Crony capitalism refers to a system where businesses thrive not based on their merit, but on their close relationships with government officials and politicians.
LanGeek
Download LanGeek app
langeek application

Download Mobile App

App Store