capitalism

capitalism
capitalism cap‧i‧tal‧is‧m [ˈkæptl-ɪzm] noun [uncountable]
ECONOMICS a system of production and trade based on property and wealth being owned by private business and ordinary people, rather than the state:

• Sweden's `middle way' between communism and capitalism: a free-market economy committed to social justice

ˈcrony ˌcapitalism ECONOMICS
a situation that exists in some countries in which contracts, jobs, loans etc are unfairly given to the family and friends of government leaders or powerful business people:

• He accused the government of practising crony capitalism, enriching a few personal friends of the prime minister at the expense of the population as a whole.

ˌpopular ˈcapitalism ECONOMICS
when ordinary members of the public buy shares in companies:

• the wave of popular capitalism that spread through Britain in the 1980s

ˌstate ˈcapitalism ECONOMICS
a system of production and trade used in some socialist countries based on property and wealth being owned mostly by the government, but managed by private individuals.

* * *

capitalism UK US /ˈkæpɪtəlɪzəm/ noun [U]
► ECONOMICS, POLITICS the economic, political, and social system that is based on property, business, and industry being privately owned, and is directed towards making the greatest possible profits for private people and organizations: »

Under capitalism, people are motivated by the idea of personal profit and success.

 »

The treaty was an attempt to strike a balance between free-market capitalism and the protection of the global environment.

→ See also CRONY CAPITALISM(Cf. ↑crony capitalism), POPULAR CAPITALISM(Cf. ↑popular capitalism), STATE CAPITALISM(Cf. ↑state capitalism)
→ Compare COMMUNISM(Cf. ↑communism)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Capitalism — capitalism …   Dictionary of sociology

  • capitalism — CAPITALÍSM s.n. Sistem politico economic care se întemeiază pe proprietatea privată asupra mijloacelor de producţie şi de schimb. – Din fr. capitalisme. Trimis de valeriu, 22.01.2007. Sursa: DEX 98  CAPITALISM MONOPOLÍST s. (EC. pol.)… …   Dicționar Român

  • 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… …   The Collaborative International Dictionary of English

  • 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

  • capitalism — [n] economic system of private ownership commercialism, competition, democracy, free enterprise, free market, industrialism, laissez faire economics, mercantilism, private enterprise; concepts 299,689,770 Ant. communism …   New thesaurus

  • capitalism — ► NOUN ▪ an economic and political system in which a country s trade and industry are controlled by private owners for profit, rather than by the state. DERIVATIVES capitalist noun & adjective capitalistic adjective …   English terms dictionary

  • capitalism — [kap′ət l iz΄əm] n. 1. an economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitive environment… …   English World dictionary

  • Capitalism — Liberal market economy redirects here. For the ideology behind this economic system, see Economic liberalism. Free enterprise redirects here. For the 1999 film, see Free Enterprise (film). For other uses, see Capitalism (disambiguation). Part of… …   Wikipedia

  • capitalism — A system of wage labour and commodity production for sale, exchange, and profit, rather than for the immediate need of the producers. Plentiful examples of capitalism in the pre modern era exist but, typically, capitalist exchanges were… …   Dictionary of sociology

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