Capitalism (Noun)
Meaning
An economic system based on private ownership of capital.
Classification
Nouns denoting groupings of people or objects.
Examples
- The government's policies were designed to promote capitalism and encourage entrepreneurship in the country.
- Critics argue that unchecked capitalism can lead to significant income inequality and social unrest.
- Many countries have adopted a mixed economy, blending elements of capitalism with government regulation and social welfare programs.
- The rise of global capitalism has created new opportunities for international trade and investment.
- Proponents of capitalism argue that it is the most effective way to promote economic growth and innovation.