capitalism
Meanings
noun
- A socio-economic system based on private ownership of resources, and capital and their exploitation for profit.
- An economic system based on private control of the means of production and the exploitation of labour by capital.
- An economic system based on private property and the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
Pronunciation
Word forms
Etymology
Borrowed from French capitalisme (“the condition of one who is rich”); equivalent to capital + -ism. Derived from Proto-Indo-European *káput (“head”), ultimately from Proto-Indo-European *kap-. First used in English by novelist William Thackeray in The Newcomes [1854-1855].
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Translations
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