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“capitalism”
1. An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
2. An economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.
2. An economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.
This entry is located in the following units:
capit-, capt-, cap-, cep-, ceps-, chapt-, chef, cip-
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-ism, -ismus
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