capitalism
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
An economic system in which businesses and property are privately owned and run for profit rather than controlled by the state.
Synonyms and antonyms
Antonyms
Test yourself
Which word fits the gap? "The textbook compared _____ and socialism as two competing economic systems."
Answer: capitalism
In your own words, what does "capitalism" mean?
An economic system in which businesses and property are privately owned and run for profit rather than controlled by the state.
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