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capitalism British & World English

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

crony capitalism British & World English

An economic system characterized by close, mutually advantageous relationships between business leaders and government officials

state capitalism British & World English

A political system in which the state has control of production and the use of capital

monopoly capitalism British & World English

A capitalist system typified by trade monopolies in the hands of a few people