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Definition of Capitalism
1. Noun. An economic system based on private ownership of capital.
Exact synonyms: Capitalist Economy
Specialized synonyms: Venture Capitalism
Generic synonyms: Free Enterprise, Laissez-faire Economy, Market Economy, Private Enterprise
Derivative terms: Capitalist, Capitalistic, Capitalistic
Antonyms: Socialism
Specialized synonyms: Venture Capitalism
Generic synonyms: Free Enterprise, Laissez-faire Economy, Market Economy, Private Enterprise
Derivative terms: Capitalist, Capitalistic, Capitalistic
Antonyms: Socialism
Definition of Capitalism
1. Noun. (politics uncountable) 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. ¹
2. Noun. (economics uncountable) a socio-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. ¹
3. Noun. a specific variation or implementation of either such socio-economic system. ¹
¹ Source: wiktionary.com
Definition of Capitalism
1. [n -S]