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Definition of capitalism noun from the Oxford Advanced American Dictionary

 

capitalism

 noun
noun
NAmE//ˈkæpət̮lˌɪzəm//
 
[uncountable]
 
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an economic system in which a country's businesses and industry are controlled and run for profit by private owners rather than by the government the growth of industrial capitalism in the West compare socialism
See the Oxford Advanced Learner's Dictionary entry: capitalism

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