- Word Combinations (noun), Word Explorer, Word Parts
|part of speech:
||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
||communism, feudalism, socialism