capitalism
/ˈkæpɪtəlɪzəm/ (bre, ipa) · /ˈkæpɪtəlɪzəm/ (ame, ipa) · /ˈka-pə-tə-ˌliz-əm ˈkap-tə-/ (ame, mw)
capitalism — noun
1. a way of organising a country's economy in which factories, land, and most compa
a way of organising a country's economy in which factories, land, and most companies belong to individuals or groups of investors instead of the government, and where what gets produced and sold is shaped mainly by competition among sellers seeking profit.
Many high-school textbooks describe capitalism as a system built on private ownership and competing firms.
definitional pattern: 'capitalism as a system built on...'
Under capitalism, a baker can decide what bread to make and what price to charge.
preposition: under capitalism (typical framing)
Professor Adeyemi teaches a course comparing capitalism, socialism, and mixed economies.
Some writers argue that modern capitalism still needs strong rules to protect workers and the environment.
After the 1990s reforms, many state factories were sold to private firms, moving the country toward capitalism.
- free enterprise
emphasises the freedom of private firms to operate with little government control
- free market
highlights the role of supply and demand setting prices, rather than ownership
- market economy
neutral, technical term often preferred in economics writing
用法筆記
Almost always uncountable and used without an article ('under capitalism', 'in a capitalism' is wrong). Often appears with a descriptive adjective ('industrial / global / modern / late capitalism') that names a stage or version of the system.