Capitalism Definition

An economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitive environment through the investment of capital to produce profits: it has been characterized by a tendency toward the concentration of wealth, the growth of large corporations, etc. that has led to economic inequality, which has been dealt with usually by increased government action and control.

The principles, methods, interests, power, influence, etc. of capitalists, especially of those with large holdings.

An economic system in which the means of production and distribution are owned and controlled mostly by private individuals and businesses for profit, thus what is produced and the quantities thereof are determined by consumer demand and competition.

(countable) A specific variation or implementation of either such socio-economic system.