Capitalism
volume
British pronunciation/kˈæpɪtəlˌɪzəm/
American pronunciation/ˈkæpɪtəˌɫɪzəm/

Definition & Meaning of "capitalism"

Capitalism
01

an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government

Wiki

capitalism

n

capital

n
example
Example
Capitalism encourages competition and innovation among businesses to meet consumer demand.
The collapse of the socialist regimes in Eastern Europe marked a shift towards capitalism in those countries.
Critics of capitalism argue that it leads to income inequality and exploitation of labor.
Capitalism is an economic system where private individuals and businesses own the means of production and operate for profit.
Capitalism is based on private ownership and free market competition.
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