capitalism (C1)
noun
Pronunciation: /ˈkæpɪtəlɪzəm/
Definition
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the government.
Examples
The collapse of communism led to the widespread adoption of capitalism in Eastern Europe.
Critics argue that unchecked capitalism can lead to extreme wealth inequality.
The debate continues about the best way to regulate capitalism to ensure fairness and stability.
Synonyms of capitalism
Words with a similar meaning to capitalism:
Antonyms of capitalism
Words with the opposite meaning to capitalism:
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