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English definition of “capitalism”


noun [U]     /ˈkæp.ɪ.təl.ɪ.zəm/ US  /-t̬əl-/
C2 an economic , political , and social system in which property , business , and industry are privately owned , directed towards making the greatest possible profits for successful organizations and people → Compare communism, socialismSystems of government
(Definition of capitalism noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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