Dictionary entryCEFR B2noun
capitalism
IPA pronunciation: /ˈkæpɪtəlɪzəm/
Listen to the pronunciationRussian meaning
капитализм
English definition
An economic system in which trade and industry are controlled by private owners for profit.
Example
Capitalism encourages competition and innovation.
Collocations
- modern capitalism
- global capitalism
- capitalism and democracy
- critique of capitalism
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