What does capitalism mean?
Definitions for capitalism
ˈkæp ɪ tlˌɪz əmcap·i·tal·ism
This dictionary definitions page includes all the possible meanings, example usage and translations of the word capitalism.
capitalism, capitalist economynoun
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.
Etymology: 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 and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and state-sanctioned social policies. The degree of competition in markets and the role of intervention and regulation as well as the scope of state ownership vary across different models of capitalism. The extent to which different markets are free and the rules defining private property are matters of politics and policy. Most of the existing capitalist economies are mixed economies that combine elements of free markets with state intervention and in some cases economic planning.Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Economic growth is a characteristic tendency of capitalist economies.
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
Examples of capitalism in a Sentence
Socialism and Communism have failed, but now Capitalism is failing us.”
The medical marijuana industry in Canada is in a state of competitive capitalism, everyone is elbowing for a position, but everyone needs everyone else to succeed up to the point where supply and demand reach an equilibrium, and then the players can start battling it out.
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.
Under capitalism man exploits man; under socialism the reverse is true.
TikTok is only a product of the entire surveillance capitalism economy.
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Translations for capitalism
From our Multilingual Translation Dictionary
- capitalismeCatalan, Valencian
- kapitalizmus, kapitalismusCzech
- καπιταλισμός, κεφαλαιοκρατίαGreek
- calpachasScottish Gaelic
- 자본주의, 資本主義Korean
- faham kapitalis, kapitalismeMalay
- kapitalismeNorwegian Nynorsk
- kapitalìzam, капиталѝзамSerbo-Croatian
- 主義資本, chủ nghĩa tư bảnVietnamese
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"capitalism." Definitions.net. STANDS4 LLC, 2023. Web. 9 Jun 2023. <https://www.definitions.net/definition/capitalism>.
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