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 July 2025

SENSE

(noun) the faculty through which the external world is apprehended; “in the dark he had to depend on touch and on his senses of smell and hearing”


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Coffee Trivia

According to Guinness World Records, the largest iced coffee is 14,228.1 liters and was created by Caffé Bene (South Korea), in Yangju, South Korea, on 17 July 2014. They poured iced black Americano on the giant cup that measured 3.3 meters tall and 2.62 meters wide.

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