Capitalism
/kˈæpɪtəˌlɪzəm/
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Definition
(noun) A socio-economic system based on private ownership of resources or capital.
Sentence Examples
As communism has collapsed, capitalism is now accused of trying to "dominate the world."
They ended capitalism and built a socialist society.
CEFR Practice Quiz
____ is an economic system based on private ownership of everything.