capitalism
word
Definition
A system in which private individuals or companies own businesses and resources, and profits and prices are determined mainly by competition in a free market.
Usage & Nuances
A formal, academic and economic term often used in discussions about politics or economics. Commonly paired with 'socialism', 'communism', or words like 'global', 'market', and 'system'. Can have positive or negative connotations depending on context and speaker.
Example Sentences
Capitalism encourages competition between companies.
basic
Capitalism allows people to start their own businesses.
basic
Many countries use capitalism as their economic system.
basic
Debates about capitalism can get pretty heated online.
natural
Some people believe capitalism creates more opportunities, while others criticize it.
natural
My economics class spent weeks discussing the history of capitalism.
natural