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capitalism

cap·i·tal·ism

capitalism

 
 
pronunciation:
kae pih t lih zm
features:
Word Combinations (noun), Word Explorer, Word Parts
part of speech: noun
definition: 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.
The individual's right to pursue material wealth with little interference from government is considered one of the tenets of capitalism.
similar words:
competition, free enterprise, free market, laissez faire
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  economy
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