Definition of capitalism in English:

capitalism

Line breaks: cap¦it¦al|ism
Pronunciation: /ˈkapɪt(ə)lɪz(ə)m
 
/

noun

[mass 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: an era of free-market capitalism private ownership is a key feature of capitalism
    More example sentences
    • Lenin says we have to confront capitalism at a political, not just an economic, level.
    • Marx argued that capitalism could not be patched up to make it a fair system.
    • Under capitalism all profit is ultimately the result of the exploitation of the workers.
    Synonyms
    private enterprise, free enterprise, private ownership, privatized industries, the free market, individualism; laissez-faire

More definitions of capitalism

Definition of capitalism in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw