capitalism, capitalist economy(noun)
an economic system based on private ownership of capital
An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.
a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
a socio-economic system based on the abstraction of resources into the form of privately-owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
a specific variation or implementation of either such socio-economic system.
Origin: From capitalisme. First used in English by novelist William Thackeray in 1854.
Capitalism is an economic system based on the private ownership of the means of production, with the goal of making a profit. Central elements of capitalism include capital accumulation, competitive markets, and a price system. There are, however, multiple variants of capitalism, including laissez-faire, welfare capitalism, and state capitalism. Capitalism is considered to have been applied in a variety of historical cases, varying in time, geography, politics, and culture. There is general agreement that capitalism became dominant in the Western world following the demise of feudalism. Economists, political economists, and historians have taken different perspectives in their analysis of capitalism. Laissez-faire economists emphasize the degree to which government does not have control over markets and the importance of property rights. Others emphasize the need for government regulation, to prevent monopolies and to soften the effects of the boom and bust cycle. Most political economists emphasize private property as well, in addition to power relations, wage labor, class, and the uniqueness of capitalism as a historical formation. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed mixed economies, referring to the varying degree of planned and market-driven elements in an economic system.
U.S. National Library of Medicine
A political and economic system characterized by individual rights, by private or corporate ownership of capital goods, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. (From Merriam-Webster's Collegiate Dictionary, 10th ed)
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Capitalism' in Spoken Corpus Frequency: #4527
Rank popularity for the word 'Capitalism' in Nouns Frequency: #1887
The numerical value of Capitalism in Chaldean Numerology is: 2
The numerical value of Capitalism in Pythagorean Numerology is: 4
Images & Illustrations of Capitalism
Translations for Capitalism
From our Multilingual Translation Dictionary
- capitalismeCatalan, Valencian
- kapitalismus, kapitalizmusCzech
- καπιταλισμός, κεφαλαιοκρατίαGreek
- calpachasScottish Gaelic
- 자본주의, 資本主義Korean
- kapitalisme, faham kapitalisMalay
- kapitalismeNorwegian Nynorsk
- kapitalìzam, капиталѝзамSerbo-Croatian
- chủ nghĩa tư bản, 主義資本Vietnamese
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