capitalism

noun
UK: /ˈkæpɪtəlɪzəm/
US: /ˈkæpɪdəlɪzəm/

  1. An economic system where private individuals or companies own and control the means of production.

    1. Capitalism helps create a lot of wealth.
    2. Modern capitalism requires some government oversight to prevent abuses of power.

  2. A way of organizing an economy based on free markets and private property.

    1. Capitalism lets people start new businesses.
    2. Critics argue that unregulated capitalism leads to income inequality and exploitation.

Synonyms

free market private enterprise market economy

Frequently Asked Questions

The word "capitalism" in English means: An economic system where private individuals or companies own and control the means of production., A way of organizing an economy based on free markets and private property..

The phonetic transcription of "capitalism" is /ˈkæpɪtəlɪzəm/ in British English and /ˈkæpɪdəlɪzəm/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "capitalism": free market, private enterprise, market economy.

Example usage of "capitalism": "Capitalism helps create a lot of wealth.". More examples on the page.