Definition Of Capitalism Oxford Dictionary
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Definition of capitalism oxford dictionary. Cambridge dictionary capitalism definition. Capitalism is an economic and political system in which property business and industry are owned by private individuals and not by the state. Capitalism definition an economic system in which investment in and ownership of the means of production distribution and exchange of wealth is made and maintained chiefly by private individuals or corporations especially as contrasted to cooperatively or state owned means of wealth. Private enterprise free enterprise private ownership laissez faire or laisser faire more synonyms of capitalism.
In particular for their own profit. Cambridge dictionary is one of the oldest dictionaries in the world. Capitalism quick reference an economic system in which the factors of production are privately owned and individual owners of capital are free to make use of it as they see fit. Capitalism definition by the oxford dictionary is given as when a country s trade and industry are controlled by private owners rather than by state then the political system is called as capitalism.
Private ownership is a key feature of capitalism lenin says we have to confront capitalism at a political not just an economic level marx argued that capitalism could not be patched up to make it a fair system. How to use capitalism in a sentence. Learn more about the words added to the oed this quarter in our new word notes by oed revision editor jonathan dent. Late verb capitalism.
The advance of capitalism. Cambridge dictionary capitalism definition is given as a political or economic system in which for greatest possible profits for successful organizations and people there is. The rise of capitalism. The return of capitalism to hungary.
An economic political and social system in which property business and industry are. The fall of capitalism see full entry.
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