An economic system based on private ownership of the means of production and their operation for profit.
A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
An economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
Origin
Borrowed from French capitalisme; equivalent to capital + -ism. First used in English by novelist William Thackeray in 1854.
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