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
Capitalism has been both critiqued and defended by various philosophers throughout history.
The rise of capitalism in Europe played a significant role in the Industrial Revolution.
Capitalism drives competition and innovation in the business world.
Capitalism can lead to social stratification and income inequality.
Capitalism is an economic system where private individuals own the means of production and operate for profit.
Capitalism is often associated with free markets and limited government intervention.
Writers may explore the effects of capitalism in their works, critique its impact on society, or analyze its relationship with other economic systems.
Psychologists may study the psychological effects of capitalism on individuals, such as consumerism, materialism, and economic inequality.
Economists analyze the principles and mechanisms of capitalism, study market dynamics, and develop economic policies based on capitalist principles.
Sociologists examine the social structures and inequalities created by capitalism, study class divisions, and analyze the cultural implications of a capitalist society.
Historians may research the historical development of capitalism, its impact on different societies throughout time, and its role in shaping global economies.