capitalism

3 definitions • 5 examples

an economic and political system in which property, business, and industry are controlled by private owners rather than by the state, with the purpose of making a profit:

The former communist embraced capitalism and started his own company.

She wrote that capitalism was devastating the environment.

Their form of conservatism stresses limited government, free-market capitalism and personal responsibility.

an economic system based on private ownership of property and business, with the goal of making the greatest possible profits for the owners

the economic, political, and social system that is based on property, business, and industry being privately owned, and is directed towards making the greatest possible profits for private people and organizations:

Under capitalism, people are motivated by the idea of personal profit and success.

The treaty was an attempt to strike a balance between free-market capitalism and the protection of the global environment.