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Definitions from the WebCapitalismDefinitionCapitalism is an economic system where private individuals or businesses own the means of production and operate them for profit. SensesSense 1Noun: An economic system in which trade, industry, and the means of production are controlled by private owners for profit. Example sentence: Capitalism encourages competition and innovation in the marketplace. Sense 2Noun: The accumulation and investment of capital in order to generate wealth and extend economic power. Example sentence: Successful entrepreneurs often reinvest their profits back into their businesses, fueling further capitalist expansion. UsageCapitalism is a widely practiced economic system, prevalent in many countries around the world. It is often contrasted with socialism or communism, as it emphasizes private ownership and individual profit rather than collective ownership and shared resources. Related ProductsExplore books on capitalism available on Amazon. | ||||
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