CAPITALISM
MEANING: (n.) A system of economy where private individuals or corporations control the production and distribution of capital goods and the price of the goods are determined by competition in a free market.
EXAMPLE SENTENCES:
- Most countries in Eastern Europe are moving towards free-market capitalism.
- Capitalism is the form of market that’s prevalent in the United States.
- I have always been in favour of an economy that is governed by the principles of capitalism.
SYNONYMS: Free enterprise, Free market, Commercialism
ANTONYMS: Communism, Socialism
Also see
