Economic system based (to a varying degree) on private ownership of the factors of production (capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system.
Use 'capitalism' in a Sentence
The "invisible hand" of capitalism suggests that selfishness in business can lead to great things for the public at large, but it is a theory meeting increasing criticism in this age of wall street bailouts and lackluster wages.
Unlike Socialist Cuba, where most property is owned by the state, in America, Capitalism flourishes and the great majority of property is individually owned.
The system of capitalism that the countries had heralded for so long as their savior had resulted in mounting inequality and environmental concerns due to the lack of restriction or regulation.
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