Pronunciation: /ˈkæpɪtəˌlɪzəm/
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
A1 Capitalism is an economic system based on private ownership of the means of production.
A2 Many people believe that capitalism promotes competition and innovation.
B1 Critics of capitalism argue that it leads to income inequality.
B2 Capitalism has been the dominant economic system in most Western countries for centuries.
C1 The history of capitalism can be traced back to the Industrial Revolution.
C2 Some scholars debate the long-term sustainability of capitalism in a globalized world.
formal Capitalism is an economic system based on private ownership of the means of production.
informal Some people believe that capitalism leads to a more competitive market.
slang I heard capitalism is all about the money and power.
figurative In the game of capitalism, it's every man for himself.
capitalisms
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