Definitions from the Web
Capitalism
Description
Capitalism is an economic system based on private ownership of the means of production and their operation for profit. In capitalism, the production and distribution of goods and services are mainly determined by competitive markets.
Senses and Usages
- Noun: Capitalism refers to the overall economic and political system.
- Noun: It can also refer to the ideology supporting this economic system.
- Noun: Capitalism can denote the capitalist class, composed of individuals or corporations who own and control the means of production.
- Verb: It can be used to describe the action of operating a business in a capitalist system.
Sample Sentences
- In capitalism, businesses are motivated by profit.
- Adam Smith's book "The Wealth of Nations" is considered a cornerstone of capitalist theory.
- The billionaires are part of the capitalist elite.
- She decided to capitalize on the growing market demand for organic products.
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