Capitalism Definition & Meaning | Britannica Dictionary (original) (raw)

capitalism

/ˈkæpətəˌlɪzəm/

noun

capitalism

/ˈkæpətəˌlɪzəm/

noun

Britannica Dictionary definition of CAPITALISM

[noncount]

:

a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government

— compare communism, socialism