Capitalism

usgb/ˈkæpɪtəlɪzəm/
noun

An economic system in which private individuals and businesses control the production and sale of goods and services.

The United States has a mixed economy, which is a combination of capitalism and socialism.
Visual representation of "capitalism" - An economic system in which private individuals and businesses control the production and sale of goods and services.

Often appears as...

  • free-market capitalism
  • corporate capitalism
Definition 1 of 3
Visual representation of "capitalism"
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Economic Focus

Focuses on how businesses and trade operate in societies valuing private ownership.

Illustration for Economic Focus
Many entrepreneurs thrive under capitalism due to the economic freedom it offers.
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Private Property

Emphasizes individual rights to own property and use it for profit.

Illustration for Private Property
Capitalism supports buying land privately, rather than it being owned by the government.
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Competition Driven

Highlights the competitive nature of markets, driving innovation and choices.

Illustration for Competition Driven
Thanks to capitalism, multiple companies compete to offer the best version of a product.
Visual representation of the word "Capitalism"

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