What is capitalism dictionary?

What is capitalism dictionary?

noun. 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.

What is the meaning of the word capitalistic?

1 : a person who has capital especially invested in business industrial capitalists broadly : a person of wealth : plutocrat Charitable organizations often seek help from capitalists. 2 : a person who favors capitalism. capitalist. adjective. variants: or capitalistic \ ˌka-​pə-​tə-​ˈli-​stik , ˌkap-​tə-​ \

How to use capitalism in a sentence Merriam-Webster?

Capitalism definition is – an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. How to use capitalism in a sentence. Did You Know?

How is capitalism organized around the concept of capital?

Capitalism is organized around the concept of capital (the ownership and control of the means of production by those who employ workers to produce goods and services).

Which is the best definition of capitalism for kids?

Kids Definition of capitalism : a system under which the ownership of land and wealth is for the most part in the hands of private individuals More from Merriam-Webster on capitalism

How does capitalism work at the end of the day?

In “pure” capitalism, businesses compete to produce increasingly better products, and their competition for the greatest share of the market serves to keep prices from climbing. At the other end of the system are workers, who sell their labor to capitalists in exchange for wages.