noun · formal
capitalism
/ˈkæpɪtəlɪzəm/CAP·i·tal·ism
An economic system where private individuals or companies own and run businesses to make profit.
Examples
“Many argue that capitalism encourages innovation but increases inequality.”
“Under capitalism, markets decide prices and resource allocation.”
“Some critics want stronger regulations to limit capitalism's excesses.”
Band 8 sentence
“While capitalism has driven technological progress, it has also widened social inequality in many countries.”
Collocations
- free-market capitalism
- state capitalism
- capitalism vs socialism
Word family
Common mistakes
in capitalism system→in a capitalist system
Capitalism have benefits→Capitalism has benefits
Say it for a higher band
5free market→6market economy→7+capitalism
Synonyms
market economy
Easily confused
socialism
“The debate compared capitalism and socialism as alternative economic systems.”
Related words
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In -ism
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