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capitalism

capitalismnoun

capitalisms

Translations

Capitalism is an economic system based on private ownership of the means of production.

Капитализм — это экономическая система, основанная на частной собственности на средства производства.

Definitions

An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

Under capitalism, businesses compete to provide the best products and services to consumers.

A system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Capitalism encourages innovation and entrepreneurship by allowing individuals to own and operate businesses.

The political or ideological belief in and support for a capitalist economic system.

Her writings defend capitalism as the most just and prosperous form of social organization.

Synonyms

free enterprise

market economy

commercialism

economic system

private enterprise