Capitalism

An economic system characterized by private ownership of the means of production and distribution of goods, and the emphasis on profit-driven market competition., The ideology or system that prioritizes free market principles, individual initiative, and limited government intervention in economic affairs., The practice of using financial resources or assets to generate wealth through investment or business ventures.

Capitalism - Meanings

An economic system characterized by private ownership of the means of production and distribution of goods, and the emphasis on profit-driven market competition.

Example: In capitalism, businesses are owned and operated by individuals or private companies seeking to generate profits.

Usage: formalContext: economic discussions, academic writing

Note: Capitalism is often contrasted with socialism or communism in economic and political debates.

The ideology or system that prioritizes free market principles, individual initiative, and limited government intervention in economic affairs.

Example: Many proponents of capitalism argue that minimal government regulation leads to greater economic growth and innovation.

Usage: formalContext: political discourse, economic theory

Note: Capitalism is associated with concepts such as supply and demand, competition, and the pursuit of profit.

The practice of using financial resources or assets to generate wealth through investment or business ventures.

Example: He built his fortune through shrewd capitalism, investing in various industries and startups.

Usage: informalContext: personal finance, entrepreneurial discussions

Note: This usage highlights the entrepreneurial aspect of capitalism and wealth creation through smart financial decisions.

Capitalism's synonyms

free market system

A free market system is an economic system where prices are determined by unrestricted competition between privately owned businesses.

Example: The country operates under a free market system where businesses compete with minimal government intervention.

Note: While capitalism refers to the broader economic system where individuals or corporations own the means of production, a free market system specifically emphasizes minimal government intervention in economic activities.

free enterprise system

A free enterprise system is an economic system characterized by private ownership of resources and the means of production, with minimal government regulation and interference.

Example: The United States is often cited as an example of a free enterprise system where individuals have the freedom to start and operate businesses with limited government interference.

Note: Free enterprise system focuses more on the freedom of individuals to engage in economic activities without government intervention, highlighting the entrepreneurial spirit and individual initiative in driving economic growth.

Capitalism expressions, common phrases

Free market

A free market is an economic system where decisions regarding investment, production, and distribution are based on supply and demand, without government intervention.

Example: In a free market economy, prices are determined by supply and demand.

Note: While capitalism refers to the overall economic system, a free market specifically emphasizes minimal government interference in economic activities.

Laissez-faire

Laissez-faire is a policy or attitude of letting things take their own course without interfering, especially in economics.

Example: The government's laissez-faire approach allowed businesses to operate with minimal regulation.

Note: While capitalism refers to the economic system, laissez-faire specifically focuses on the hands-off approach to government regulation in the economy.

Profit motive

The profit motive is the desire or motivation for firms to maximize profits through efficient allocation of resources.

Example: The profit motive drives entrepreneurs to innovate and create new products.

Note: Capitalism encompasses various aspects of the economic system, including the profit motive, which specifically highlights the drive for financial gain.

Supply and demand

Supply and demand is the relationship between the availability of a good or service and the desire for it, which influences its price.

Example: Prices adjust based on supply and demand in a capitalist economy.

Note: While capitalism is the broader economic system, supply and demand are fundamental forces within that system that determine prices and production levels.

Market economy

A market economy is an economic system in which decisions about investment, production, and distribution are based on market mechanisms rather than government control.

Example: The United States is known for its market economy, where private individuals and businesses make decisions about production and consumption.

Note: Market economy is a specific type of economic system within the capitalist framework, emphasizing private ownership and voluntary exchange.

Invisible hand

The invisible hand is a metaphor for the self-regulating nature of a market economy, where individuals pursuing their own interests unintentionally benefit society as a whole.

Example: Adam Smith famously mentioned the concept of the invisible hand in his book 'The Wealth of Nations'.

Note: The invisible hand concept is a theory within the capitalist system, illustrating how individual self-interest can lead to overall economic well-being.

Competition

Competition is the rivalry between firms in a market to attract customers, improve products, and achieve higher profits.

Example: Competition among businesses can lead to lower prices and better quality products for consumers.

Note: Competition is a fundamental aspect of capitalist economies, driving innovation, efficiency, and consumer choice.

Capitalism everyday (slang) expressions

Cutthroat capitalism

Cutthroat capitalism refers to an extremely competitive and ruthless form of capitalism where businesses prioritize profit above all else, even if it means engaging in unethical or aggressive behavior.

Example: The company's cutthroat capitalism led to unethical business practices like price gouging.

Note: The term 'cutthroat capitalism' emphasizes the aggressive and ruthless nature of the capitalist system, highlighting intense competition and often negative outcomes.

Wild west capitalism

Wild west capitalism alludes to a period of uncontrolled, lawless economic activity characterized by minimal regulation, unpredictable conditions, and often unethical behavior.

Example: During the early days of the industry, it was a wild west capitalism scenario with minimal regulation and rampant exploitation of workers.

Note: This term draws parallels to the untamed and chaotic nature of the American Old West, suggesting a lack of regulation and order in the capitalist system.

Rampant capitalism

Rampant capitalism describes a situation where the capitalist economic system is growing or expanding rapidly and often without effective constraints or oversight.

Example: The unchecked growth of rampant capitalism has led to income inequality and environmental degradation.

Note: The term 'rampant capitalism' highlights the out-of-control nature of runaway capitalism, indicating a lack of moderation or regulation in economic activities.

Capitalism - Examples

Capitalism is an economic system based on private ownership of the means of production and their operation for profit.

The rise of capitalism in Europe led to significant changes in social and economic structures.

Critics of capitalism argue that it leads to inequality and exploitation of the working class.

Capitalism grammar

Capitalism - Noun (Noun) / Noun, singular or mass (Noun, singular or mass)

Lemma: capitalism

Conjugations

Noun, plural (Noun, plural): capitalism

Noun, singular or mass (Noun, singular or mass): capitalism

Syllables, Separation and Stress

capitalism Contains 4 syllables: cap • i • tal • ism

Phonetic transcription: ˈka-pə-tə-ˌliz-əm

cap i tal ism , ˈka pə tə ˌliz əm (The red syllable is stressed)

Capitalism - Importance and usage frequency

The word frequency and importance index indicates how often a word appears in a given language. The smaller the number, the more frequently the word is used. The most frequently used words typically range from about 1 to 4000.

capitalism: ~ 4100 (Common).

This importance index helps you focus on the most useful words during your language learning process.

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