CAPITALISM

capitalism, capitalist economy

(noun) an economic system based on private ownership of capital

Source: WordNet® 3.1


Etymology

Noun

capitalism (countable and uncountable, plural capitalisms)

(politics) A socio-economic system based on private ownership of resources or capital.

(economics) An economic system based on private ownership of the means of production and their operation for profit.

(politics, economic liberalism) A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

(economics, economic liberalism) An economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.

Synonyms

• free enterprise

Source: Wiktionary



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Word of the Day

3 April 2025

WHOLE

(noun) an assemblage of parts that is regarded as a single entity; “how big is that part compared to the whole?”; “the team is a unit”


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