Meaning
Capitalism is an economic system characterized by private ownership of the means of production and their operation for profit, where investment decisions and the pricing of goods and services are determined primarily by competition in a free market, leadi
💡 While often lauded for fostering innovation and efficiency, capitalism can also lead to significant social inequalities; thus, it is essential to consider its multifaceted impacts in discussions.
Example Sentences
Word in Context
On
Saturday
morning
Anna
sat
at
a
small
caf
é
and
read
an
article
about
capitalism
.
She
noticed
how
the
author
described
competition
and
consumer
choice
,
and
she
compared
those
ideas
with
the
small
businesses
around
her
.
The
aroma
of
coffee
and
the
steady
movement
of
customers
made
the
abstract
concepts
feel
tangible
,
since
each
purchase
seemed
to
alter
someone's
routine
.
She
took
careful
notes
on
concrete
examples
that
matched
the
shops
she
knew
,
planning
to
bring
them
up
in
her
seminar
.
By
the
time
she
left
the
caf
é
she
felt
more
confident
explaining
the
theory
through
everyday
scenes
.
Common Phrases
market capitalism
laissez-faire capitalism
capitalist economy
Antonyms
Related Words
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