capitalism

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capitalism /ˈkæpətəˌlɪzəm/ noun
capitalism
/ˈkæpətəˌlɪzəm/
noun
Learner's 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