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English definition of “capitalism”

capitalism

noun [U]    /ˈkæp·ɪ·t̬əlˌɪz·əm/
politics & government an economic system based on private ownership of property and business, with the goal of making the greatest possible profits for the owners capitalist    /ˈkæp·ɪ·t̬əl·ɪst/ adjective (also capitalistic,  /ˌkæp·ɪ·t̬əlˈɪs·tɪk/) The US has a capitalist economy. capitalist    /ˈkæp·ɪ·t̬əl·ɪst/ noun [C] Anyone can be a capitalist.
(Definition of capitalism noun from the Cambridge Academic Content Dictionary © Cambridge University Press)
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