Capitalist Economy (Noun)
Meaning
An economic system based on private ownership of capital.
Classification
Nouns denoting groupings of people or objects.
Examples
- The strength of a capitalist economy lies in its ability to promote innovation and competition through the private sector.
- In a capitalist economy, businesses are free to make their own decisions about production and investment.
- Critics of a capitalist economy argue that it leads to income inequality by favoring the wealthy over the poor.
- A pure capitalist economy operates based on supply and demand with minimal government intervention.
- A mixed capitalist economy incorporates elements of government regulation into an otherwise privately driven market system.