capitalism

Definition of capitalism

cap´i`tal`is`m   Pronunciation: kăp´ĭ`tal`ĭz`m
n.1.An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.

Related Words

capitalistic system, finance capitalism, free competition, free economy, free enterprise, free trade, free-enterprise economy, free-enterprise system, individualism, isolationism, laissez-aller, laissez-faire, laissez-faireism, let-alone policy, let-alone principle, liberalism, noninterference, nonintervention, private enterprise, private ownership, private sector, rugged individualism, self-regulating market, state capitalism
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