Dictionary 1 result(s) found for capitalism : [Show/Hide Search option]
Search option Results found in English Dictionary Wiki: Capitalism is an economic system in which the means of production are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the market rather than by central planning by the government; profit is distributed to owners who invest in businesses, and wages are paid to workers employed by businesses. There is no consensus on the precise definition of capitalism, nor how the term should be used as an analytical category. There is, however, little controversy that private ownership of the means of production, creation of goods or services for profit in a market, and prices and wages are elements of capitalism.
Example: As communism has collapsed, capitalism is now accused of trying to dominate the world. They ended capitalism and built a socialist society. Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate. The Soviet people are not afraid of peaceful competition with capitalism . Powerful bombs wont get destroyed as long as capitalism continues. Mary has always been left-leaning, but since shes got a seat in parliament for the Left Party, she has become a media star with her radical critique of capitalism . Communism tries to overcome capitalism , but so far that goal has not been achieved.
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