capitalism

capitalism
capitalism cap"i*tal*is`m (k[a^]p"[i^]*tal*[i^]z`m), n. 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.

Syn: capitalist economy. [WordNet 1.5 +PJC]


The Collaborative International Dictionary of English. 2000.

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  • capitalism — n. An economic system in which the means of production and distribution are owned and controlled mostly by private individuals and businesses for profit, thus what is produced and the quantities thereof are determined by consumer demand and… …   Law dictionary

  • capitalism — 1854, condition of having capital; from CAPITAL (Cf. capital) + ISM (Cf. ism). Meaning political/economic system which encourages capitalists is recorded by 1877 …   Etymology dictionary

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