capitalism
- Noun. (politics, uncountable) 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 an unregulated market.
- Noun. (economics, uncountable) a socio-economic system based on the abstraction of resources into the form of privately-owned capital, with economic decisions made largely through the operation of an unregulated market.
- Noun. (countable) a specific variation or implementation of either such socio-economic system.
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This entry was last updated on RefTopia from its source on 3/20/2012.