noun

capitalism

capitalism

Capitalism encourages competition and innovation.

Capitalism encourages competition and innovation.

The country's economy is based on capitalism.

The country's economy is based on capitalism.

((noun)) an economic and political system Capitalism is an economic system.

Synonyms: free market, free enterprise; Antonyms: socialism, communism

From 'capital' (wealth, stock), from Latin 'caput' (head), plus the suffix '-ism' denoting a system or doctrine.

Think of 'capital' (money) + '-ism' (a system). It's an economic system based on private ownership of capital.

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