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Comprehensive
Dictionary Suite
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capitalism an economic system in which the means of production and distribution are privately owned and prices are chiefly determined by open competition in a free market.
capitalist one who supports an economic system in which the means of production and distribution are privately owned, and prices are chiefly determined by open competition in a free market. [1/3 definitions]
open market a market in which there are no official restrictions on prices or participation; free market.