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capitalism

/ˈkapɪt(ə)lɪz(ə)m/
Meanings
  • noun

    An economic and social system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and in which prices and the distribution of goods and services are determined mainly by supply and demand in a free market.

    - "Capitalism is an economic system where private individuals or businesses own and operate the means of production."
    - "The United States is often described as a capitalist economy."
    - "Capitalism has been the dominant economic system in the Western world since the Industrial Revolution."
  • noun

    The theory and institutions of such a system.

    - "Marxist theory critiques the inherent inequalities in capitalism."
    - "Capitalist theory emphasizes the importance of individual property rights and free markets."
    - "The study of capitalism is a major field in economics."
Rhymes
Words rhyming with capitalism
alms , calm , psalms
Variants
List of all variants of capitalism that leads to same result
capitalism , capitalisms , anti-capitalism , anti-capitalisms , anti-capitalist , anti-capitalists , crony capitalism , state capitalism , state capitalisms , vulture capitalism , risk capital , venture capital , venture capitalism , venture capitalist , venture capitals , fake woke , stay woke , woke , woke capitalism , woker , wokest
Etymology
origin and the way in which meanings have changed throughout history.

From capital + ism, late 18th century.

Trivia
Any details, considerations, events or pieces of information regarding the word

  1. Capitalism originated in Europe during the Industrial Revolution.

  2. The first known use of the term 'capitalism' was in 1776 by Irish philosopher William Godwin.

  3. Capitalism is the most common economic system in the world today, with over 170 countries classified as capitalist economies.

Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

  1. socialism: A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

  2. communism: A political and economic theory and system in which all property is publicly owned and each person works and is paid according to their abilities and needs.

  3. free market: An economic system in which prices and the allocation of resources are determined by the interactions of buyers and sellers, with minimal interference from the government.

Quotes
Quotes by authors and personalities

  1. "Capitalism" is at once far too rational, trusting in nothing that it cannot weigh and measure, and far too little as well, accumulating wealth as an end in itself.

    - Terry Eagleton,{it}Harper's{/it},March 2005

  2. The United States has assumed a global burden—not just fighting terrorism and rogue states, but spreading the benefits of "capitalism" and democracy …

    - Brian Urquhart,{it}New York Review Of Books{/it},9 Oct. 2003

  3. The city was then the great maw of American "capitalism".

    - Christopher Hitchens,{it}Atlantic{/it},August 2002

  4. I am not the first to point out that "capitalism", having defeated Communism, now seems to be about to do the same to democracy. The market is doing splendidly, yet we are not, somehow.

    - Ian Frazier,{it}On The Rez{/it},2000

  5. Even Cuba's famed health-care system has been unable to resist the siren song of "capitalism". The Frank Pais Hospital … now offers "for pay" surgery to foreigners.

    - Ann Louise Bardach,{it}Vanity Fair{/it},March 1995
Culture
Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Capitalism has been a major influence on Western literature, art, and music, often portrayed as a symbol of wealth, progress, and individualism. It has also been criticized for its negative effects, such as income inequality and exploitation of labor.

How to Memorize "capitalism"

  1. visualize

    - Imagine a bustling city with tall buildings, factories, and businesses. This is a visual representation of capitalism.

  2. associate

    - Associate capitalism with the idea of individual freedom, competition, and wealth creation.

  3. mnemonics

    - Remember the acronym CAPITAL: Capital accumulation, Private property, Individual freedom, Trade, Labor.

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