Definition of Capitalism:
The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.
Economic system based (to a varying degree) on private ownership of the factors of production (capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system.
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
An economic and political system in which a countrys trade and industry are controlled by private owners for profit, rather than by the state.
Synonyms of Capitalism
Capitalistic system, Finance capitalism, Free competition, Free economy, Free enterprise, Free trade, Free-enterprise economy, Free-enterprise system, Individualism, Isolationism, Laissez-aller, Laissez-faire, Laissez-faireism, Let-alone policy, Let-alone principle, Liberalism, Noninterference, Nonintervention, Private enterprise, Private ownership, Private sector, Rugged individualism, Self-regulating market, State capitalism, Private enterprise, Free enterprise, Private ownership, Privatized industries, The free market, Individualism
How to use Capitalism in a sentence?
- The invisible hand of capitalism suggests that selfishness in business can lead to great things for the public at large, but it is a theory meeting increasing criticism in this age of wall street bailouts and lackluster wages.
- Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).
- The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.
- Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
- An era of free-market capitalism.
- Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.
- Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
- The system of capitalism that the countries had heralded for so long as their savior had resulted in mounting inequality and environmental concerns due to the lack of restriction or regulation.
- Unlike Socialist Cuba, where most property is owned by the state, in America, Capitalism flourishes and the great majority of property is individually owned.
Meaning of Capitalism & Capitalism Definition