CAPITALISM

Pronunciation (US): (GB):

Meaning:

An economic system based on private ownership of capital

Synonyms:

capitalism; capitalist economy

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("capitalism" is a kind of...):

free enterprise; laissez-faire economy; market economy; private enterprise (an economy that relies chiefly on market forces to allocate goods and resources and to determine prices)

Hyponyms (each of the following is a kind of "capitalism"):

venture capitalism (capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large)

Antonym:

socialism (an economic system based on state ownership of capital)

Derivation:

capitalist (a conservative advocate of capitalism)

capitalistic (favoring or practicing capitalism)

capitalistic (of or relating to capitalism or capitalists)