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Webster's New World College Dictionary » capitalism
capitalism
capitalism definition
capi·tal·ism (kap′ət 'l iz′əm)
noun
- an economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitive environment through the investment of capital to produce profits: it has been characterized by a tendency toward the concentration of wealth, the growth of large corporations, etc. that has led to economic inequality, which has been dealt with usually by increased government action and control
- the principles, methods, interests, power, influence, etc. of capitalists, especially of those with large holdings
Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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