capitalism 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 state.
Using capitalism: Examples
Take a moment to familiarize yourself with how "capitalism" can be used in various situations through the following examples!
Example
Capitalism has been the dominant economic system in the Western world since the end of feudalism.
Example
The rise of capitalism led to the growth of industrialization and the expansion of global trade.
Example
Critics of capitalism argue that it leads to income inequality and exploitation of workers.
Example
Supporters of capitalism argue that it promotes innovation and economic growth.
capitalism Synonyms and Antonyms
Synonyms for capitalism
- free enterprise
- private enterprise
- market economy
- laissez-faire economy
Phrases with capitalism
an economic system in which the state owns or controls key industries and sectors of the economy
Example
China's state capitalism has led to rapid economic growth in recent years.
a term used to describe the current stage of capitalism, characterized by globalization, consumerism, and the dominance of multinational corporations
Example
The effects of late capitalism can be seen in the rise of global inequality and environmental degradation.
a form of capitalism in which business success is determined by close relationships between business people and government officials
Example
Critics argue that crony capitalism leads to corruption and undermines free market competition.
Origins of capitalism
from French 'capitalisme', from 'capital' meaning 'wealth'
Summary: capitalism in Brief
Capitalism [ˈkapɪtəlɪz(ə)m] is an economic and political system where private owners control a country's trade and industry for profit. It has been the dominant system in the Western world since the end of feudalism, leading to industrialization and global trade. Critics argue that it leads to income inequality and worker exploitation, while supporters claim it promotes innovation and growth. Capitalism has various forms, including state capitalism, late capitalism, and crony capitalism.
