English / word
capitalism
noun B2MEANING IN ENGLISH
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
In context
01
Capitalism encourages innovation and competition.
02
Capitalism promotes competition and private ownership.
Synonyms
free enterprise,private enterprise,market economy
Antonyms
socialism,communism,collectivism
Collocations
free-market capitalism,modern capitalism,global capitalism