capitalism

IPA: kˈæpɪtʌɫɪzʌm

(politics) A socio-economic system based on private ownership of resources or capital.
(economics) An economic system based on private ownership of the means of production and their operation for profit.
(politics, economic liberalism) A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
(economics, economic liberalism) An economic system based on 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.

Examples of "capitalism" in Sentences

Capitalism encourages innovation by allowing entrepreneurs to pursue their ideas freely
Critics argue that capitalism often leads to income inequality and social disparities
In a capitalist economy, supply and demand dictate the prices of goods and services
Many believe that capitalism fosters competition, which ultimately benefits consumers
The rise of technology has transformed traditional capitalism into a more digitized marketplace