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capitalism |
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capitalism [ˈkæpɪtəˌlɪzəm] n (Economics) an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions Also called free enterprise private enterprise Compare socialism [1] capitalism a system of economics under which ownership of and investment in the means of production and distribution depends chiefly upon corporations and private individuals. — capitalist, n. — capitalistic, adj. See also: Economicsa theory or system in which property and investment in busines; are owned and controlled by individuals directly or through ownership of shares in companies. Cf. communism. — capitalist, n., adj. — capitalistic, adj. See also: Politics
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capitalism noun private enterprise, free enterprise, private ownership, laissez faire or laisser faire the two fundamentally opposed social systems, capitalism and socialism Quotations "I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable" [John Maynard Keynes The End of Laissez-Faire] "You show me a capitalist, and I'll show you a bloodsucker" [Malcolm X] Translations capitalism n → Kapitalismus m Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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