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Definitions from Wiktionary ()
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▸ noun: (economics) An economic system based on private ownership of the means of production and their operation for profit.
▸ noun: (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.
▸ noun: (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.
Similar:
capitalist economy,
socialism,
capitalist,
corporatism,
neoliberalism,
communism,
monopolism,
productivism,
Marxism,
capitalistic,
more...
Opposite:
Types:
Phrases:
Adjectives:
industrial,
modern,
american,
global,
late,
western,
corporate,
liberal,
democratic,
advanced,
private
Colors:
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