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- pronunciation:
- kae
pih
t
lih
zm
- features:
- Word Combinations (noun), Word Explorer, Word Parts
| part of speech: |
noun |
| definition: |
an economic system in which land, factories, and other resources are owned by individuals instead of the government. In this system, the prices of things we buy are decided by the people who sell them and not by the government.
Under capitalism, the rights of the individual are important.- similar words:
- competition
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| contrasting words: |
communism, feudalism, socialism |
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