| / English Dictionary |
CAPITALIST ECONOMY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
An economic system based on private ownership of capital
Synonyms:
capitalism; capitalist economy
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("capitalist economy" 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 "capitalist economy"):
venture capitalism (capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large)
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