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English definition of “capitalism”

capitalism

noun [U] uk   /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 Systems of government
(Definition of capitalism from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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